Spin Master Corp. (TSE:TOY – Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$21.08 and traded as low as C$19.22. Spin Master shares last traded at C$19.29, with a volume of 125,620 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, TD upped their target price on Spin Master from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Spin Master currently has an average rating of “Moderate Buy” and an average price target of C$27.20.
View Our Latest Stock Analysis on Spin Master
Spin Master Stock Down 2.1%
Spin Master (TSE:TOY – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$620.03 million during the quarter. Spin Master had a negative return on equity of 6.74% and a negative net margin of 4.01%. On average, equities analysts expect that Spin Master Corp. will post 3.1361829 EPS for the current fiscal year.
Spin Master Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, July 10th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. Spin Master’s dividend payout ratio (DPR) is -44.16%.
Spin Master Company Profile
Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.
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