Jefferies Financial Group Comments on Spin Master Corp’s FY2018 Earnings (TOY)

Spin Master Corp (TSE:TOY) – Equities researchers at Jefferies Financial Group reduced their FY2018 EPS estimates for shares of Spin Master in a research report issued on Wednesday, November 7th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings per share of $2.30 for the year, down from their prior forecast of $2.37. Jefferies Financial Group also issued estimates for Spin Master’s Q4 2018 earnings at $0.29 EPS, Q4 2019 earnings at $0.37 EPS and FY2019 earnings at $2.45 EPS.

TOY has been the subject of several other research reports. Royal Bank of Canada reduced their price objective on shares of Spin Master from C$66.00 to C$64.00 and set an “outperform” rating for the company in a research note on Thursday. National Bank Financial set a C$65.00 price objective on shares of Spin Master and gave the stock an “outperform” rating in a research note on Thursday, August 16th. Barclays reduced their price objective on shares of Spin Master from C$65.00 to C$63.00 in a research note on Thursday. Raymond James restated an “outperform” rating and set a C$65.00 price target on shares of Spin Master in a research note on Friday, October 26th. Finally, TD Securities upped their price target on shares of Spin Master from C$67.00 to C$68.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$62.25.

TSE TOY opened at C$45.98 on Friday. Spin Master has a 52 week low of C$43.00 and a 52 week high of C$61.76.

In other Spin Master news, insider Chris Harrs sold 21,900 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of C$53.40, for a total transaction of C$1,169,460.00.

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

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