Spin Master (TSE:TOY) Stock Crosses Above 50-Day Moving Average – What’s Next?

Spin Master Corp. (TSE:TOY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$19.84 and traded as high as C$20.90. Spin Master shares last traded at C$20.57, with a volume of 41,490 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TOY. Seaport Res Ptn raised shares of Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Royal Bank Of Canada decreased their price objective on shares of Spin Master from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Jefferies Financial Group cut their target price on shares of Spin Master from C$28.00 to C$26.00 in a research note on Friday, October 31st. CIBC increased their price target on Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st. Finally, Cormark cut their price objective on Spin Master from C$44.00 to C$39.00 in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$27.63.

Spin Master Stock Performance

The firm has a market cap of C$2.07 billion, a P/E ratio of 38.09, a PEG ratio of 0.57 and a beta of 0.62. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. The firm has a fifty day moving average of C$19.84 and a 200-day moving average of C$22.14.

Spin Master (TSE:TOY) last issued its earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share (EPS) for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. The company had revenue of C$1.02 billion for the quarter. Research analysts predict that Spin Master Corp. will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, October 10th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. Spin Master’s dividend payout ratio is 63.22%.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush).