Q3 2024 EPS Estimates for Hasbro, Inc. Reduced by Roth Capital (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Equities research analysts at Roth Capital cut their Q3 2024 earnings per share estimates for shares of Hasbro in a research report issued to clients and investors on Friday, July 26th. Roth Capital analyst E. Handler now anticipates that the company will post earnings of $1.12 per share for the quarter, down from their previous forecast of $1.29. The consensus estimate for Hasbro’s current full-year earnings is $3.86 per share. Roth Capital also issued estimates for Hasbro’s Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $3.85 EPS, FY2025 earnings at $4.54 EPS, FY2026 earnings at $5.25 EPS and FY2027 earnings at $5.91 EPS.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same period in the previous year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis.

A number of other brokerages also recently commented on HAS. JPMorgan Chase & Co. raised Hasbro from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $61.00 to $74.00 in a research report on Thursday, May 23rd. Bank of America raised Hasbro from a “neutral” rating to a “buy” rating and upped their price target for the company from $70.00 to $80.00 in a report on Friday, June 14th. UBS Group upped their price target on Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 24th. Morgan Stanley upped their price target on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.08.

Hasbro Stock Performance

Shares of Hasbro stock opened at $65.51 on Monday. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a market cap of $9.12 billion, a PE ratio of -6.46, a P/E/G ratio of 0.50 and a beta of 0.62. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The business has a 50-day simple moving average of $59.61 and a 200-day simple moving average of $56.23.

Institutional Trading of Hasbro

Several large investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its holdings in Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Hasbro by 5.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock valued at $230,000 after purchasing an additional 215 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Hasbro by 0.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after purchasing an additional 288 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Hasbro by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock valued at $1,524,000 after purchasing an additional 299 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Hasbro by 0.8% in the fourth quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock valued at $1,850,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insiders Place Their Bets

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was 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 owns 53,003 shares in the company, valued at $3,193,960.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is currently owned by company insiders.

Hasbro Announces Dividend

The firm also recently disclosed 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 4.27%. The ex-dividend date of this dividend is Wednesday, August 21st. Hasbro’s payout ratio is -27.61%.

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.