Spin Master Corp. (TOY) To Go Ex-Dividend on June 28th

Spin Master Corp. (TSE:TOY) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.12 per share on Friday, July 12th. This represents a $0.48 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, June 28th. This is an increase from Spin Master’s previous quarterly dividend of $0.06.

Spin Master Price Performance

Shares of TOY traded down C$0.82 during midday trading on Thursday, hitting C$28.58. The company’s stock had a trading volume of 282,489 shares, compared to its average volume of 104,718. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 4.38. Spin Master has a one year low of C$27.52 and a one year high of C$37.73. The stock has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. The company’s fifty day simple moving average is C$32.46 and its two-hundred day simple moving average is C$33.64.

Spin Master (TSE:TOY) last released its earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.12. The firm had revenue of C$684.30 million for the quarter, compared to analysts’ expectations of C$681.03 million. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. As a group, equities analysts expect that Spin Master will post 2.9973592 earnings per share for the current fiscal year.

Insider Buying and Selling at Spin Master

In related news, Senior Officer Chris Harrs sold 1,453 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total transaction of C$48,312.25. 1.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TOY shares. Royal Bank of Canada lowered their price target on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Canaccord Genuity Group cut their price target on Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Jefferies Financial Group lowered their price objective on Spin Master from C$41.00 to C$40.00 and set a “hold” rating for the company in a research note on Thursday, February 15th. CIBC cut their target price on shares of Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, National Bankshares decreased their price target on shares of Spin Master from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$47.13.

About Spin Master

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.