Spin Master Corp. to Post Q3 2023 Earnings of $1.06 Per Share, National Bank Financial Forecasts (TSE:TOY)

Posted by on Aug 5th, 2023

Spin Master Corp. (TSE:TOY – Free Report) – Research analysts at National Bank Financial cut their Q3 2023 earnings estimates for shares of Spin Master in a note issued to investors on Wednesday, August 2nd. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $1.06 per share for the quarter, down from their previous estimate of $1.22. National Bank Financial currently has a “Outperfrom Under Weight” rating on the stock. The consensus estimate for Spin Master’s current full-year earnings is $2.51 per share. National Bank Financial also issued estimates for Spin Master’s Q4 2023 earnings at $0.43 EPS.

Spin Master (TSE:TOY – Get Free Report) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.18. Spin Master had a net margin of 11.45% and a return on equity of 18.22%. The firm had revenue of C$367.01 million during the quarter, compared to analysts’ expectations of C$338.27 million.

TOY has been the subject of several other research reports. Royal Bank of Canada increased their target price on shares of Spin Master from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday. National Bankshares increased their price target on shares of Spin Master from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Finally, CIBC increased their price target on shares of Spin Master from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Friday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, Spin Master has a consensus rating of “Buy” and an average price target of C$49.50.

Spin Master Price Performance

Shares of TOY opened at C$36.40 on Friday. Spin Master has a fifty-two week low of C$30.63 and a fifty-two week high of C$48.69. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 5.42 and a beta of 1.89. The firm has a 50-day simple moving average of C$34.68 and a 200-day simple moving average of C$35.70. The company has a debt-to-equity ratio of 5.54, a quick ratio of 2.06 and a current ratio of 3.20.

Spin Master Company Profile

(Get Free Report)

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment, and digital games in North America, Europe, and internationally. The company operates through three segments: Toys, Entertainment, and Digital Games.

Further Reading

Earnings History and Estimates for Spin Master (TSE:TOY)

Receive News & Ratings for Spin Master Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spin Master and related companies with MarketBeat.com's FREE daily email newsletter.