Hasbro (HAS) Set to Announce Earnings on Wednesday

Hasbro (NASDAQ:HAS) is set to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect Hasbro to post earnings of $0.30 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.33 billion. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The business’s revenue was down 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, analysts expect Hasbro to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Hasbro Stock Performance

HAS opened at $55.27 on Monday. The firm has a market capitalization of $7.67 billion, a PE ratio of -5.16, a PEG ratio of 1.46 and a beta of 0.74. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57. The firm’s 50-day moving average price is $53.39 and its 200 day moving average price is $50.98. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 5.07%. Hasbro’s payout ratio is presently -26.12%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HAS. DA Davidson reaffirmed a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. Jefferies Financial Group lifted their target price on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm boosted their price target on shares of Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Bank of America boosted their price target on shares of Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.80.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Carolinas Wealth Consulting LLC boosted its stake in Hasbro by 60.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the period. Worth Asset Management LLC acquired a new stake in Hasbro during the 1st quarter worth $27,000. Power Corp of Canada acquired a new stake in Hasbro during the 1st quarter worth $29,000. UniSuper Management Pty Ltd acquired a new stake in Hasbro during the 2nd quarter worth $58,000. Finally, Continuum Advisory LLC boosted its stake in Hasbro by 0.6% during the 1st quarter. Continuum Advisory LLC now owns 26,303 shares of the company’s stock worth $61,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 91.83% 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.