Hasbro (NASDAQ:HAS) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Hasbro (NASDAQ:HAS) announced its quarterly earnings results on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10, Zacks reports. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion.

Hasbro Trading Down 2.2 %

Shares of NASDAQ:HAS traded down $1.50 during trading on Friday, hitting $67.56. 690,853 shares of the company’s stock were exchanged, compared to its average volume of 1,434,346. Hasbro has a 1-year low of $48.63 and a 1-year high of $73.46. The firm has a 50-day moving average price of $58.31 and a two-hundred day moving average price of $64.17. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a market cap of $9.43 billion, a P/E ratio of -14.54, a PEG ratio of 0.53 and a beta of 0.64.

Wall Street Analyst Weigh In

HAS has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. DA Davidson lifted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Roth Mkm lifted their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley lifted their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is owned by corporate insiders.

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.