Hasbro (NASDAQ:HAS) Releases Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Hasbro (NASDAQ:HAS) issued its earnings results on Wednesday. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34, RTT News reports. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same quarter last year, the company posted $0.01 earnings per share. Hasbro’s revenue was down 24.3% on a year-over-year basis.

Hasbro Stock Performance

HAS opened at $58.14 on Wednesday. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The stock has a market cap of $8.07 billion, a PE ratio of -5.42, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74. The business’s 50 day moving average is $53.64 and its 200-day moving average is $50.95.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.82%. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Roth Mkm raised their target price on shares of Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Bank of America raised their target price on shares of Hasbro from $51.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, DA Davidson reissued a “neutral” rating and issued a $52.00 target price on shares of Hasbro in a report on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hasbro has an average rating of “Hold” and a consensus target price of $62.80.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.