Hasbro (NASDAQ:HAS) Announces Quarterly Earnings Results

Hasbro (NASDAQ:HAS) issued its quarterly earnings data on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10, Zacks reports. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%.

Hasbro Trading Down 2.2 %

Shares of HAS traded down $1.50 on Friday, reaching $67.56. 3,172,369 shares of the company’s stock were exchanged, compared to its average volume of 1,463,399. The business has a 50 day moving average price of $58.42 and a two-hundred day moving average price of $64.20. Hasbro has a 12 month low of $48.63 and a 12 month high of $73.46. The stock has a market capitalization of $9.42 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Analyst Upgrades and Downgrades

HAS has been the topic of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.82% of the company’s stock.

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.