Spin Master (TSE:TOY) – Equities research analysts at Jefferies Group reduced their Q1 2018 earnings per share (EPS) estimates for shares of Spin Master in a report issued on Thursday, March 15th, according to Zacks Investment Research. Jefferies Group analyst S. Wissink now forecasts that the company will earn $0.13 per share for the quarter, down from their prior forecast of $0.15.
Spin Master (TSE:TOY) last released its quarterly earnings results on Wednesday, March 7th. The company reported C$0.31 EPS for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.05. Spin Master had a net margin of 17.96% and a return on equity of 104.00%. The firm had revenue of C$559.93 million during the quarter, compared to analysts’ expectations of C$529.58 million.
A number of other equities analysts have also recently commented on the stock. National Bank Financial lifted their price target on shares of Spin Master from C$58.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Canaccord Genuity boosted their price objective on shares of Spin Master from C$53.00 to C$63.00 in a research report on Tuesday, March 6th. Raymond James Financial boosted their price objective on shares of Spin Master from C$55.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, March 1st. BMO Capital Markets cut shares of Spin Master from an “outperform” rating to a “market perform” rating in a research report on Friday, March 9th. Finally, CIBC boosted their price objective on shares of Spin Master from C$58.00 to C$63.00 in a research report on Friday, March 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Spin Master presently has a consensus rating of “Buy” and a consensus price target of C$64.25.
Shares of TOY stock traded down C$0.54 during trading hours on Friday, reaching C$49.48. 118,789 shares of the stock were exchanged, compared to its average volume of 71,936. Spin Master has a 12-month low of C$34.52 and a 12-month high of C$61.76.
In other Spin Master news, insider Nancy Ann Zwiers sold 3,845 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of C$51.81, for a total value of C$199,209.45.
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About Spin Master
Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
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