Hasbro (NASDAQ:HAS) Announces Quarterly Earnings Results

Hasbro (NASDAQ:HAS) issued its quarterly earnings data on Thursday. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.44, Briefing.com reports. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share.

Hasbro Trading Up 3.8 %

Shares of NASDAQ HAS opened at $63.85 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.93 and a current ratio of 1.46. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57. The firm has a 50 day moving average price of $59.50 and a two-hundred day moving average price of $55.97. The stock has a market cap of $8.89 billion, a P/E ratio of -6.30, a price-to-earnings-growth ratio of 0.63 and a beta of 0.62.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is currently -27.61%.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of recent research reports. UBS Group raised their price objective on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $61.00 to $74.00 in a research note on Thursday, May 23rd. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Monness Crespi & Hardt boosted their price target on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Roth Mkm raised their price objective on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.08.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the completion of the transaction, the executive vice president now directly owns 53,003 shares in the company, valued at approximately $3,193,960.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Hasbro Company Profile

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.