Hasbro, Inc. (NASDAQ:HAS) Expected to Earn FY2024 Earnings of $3.89 Per Share

Hasbro, Inc. (NASDAQ:HAS) – Analysts at Zacks Research boosted their FY2024 EPS estimates for Hasbro in a note issued to investors on Wednesday, August 14th. Zacks Research analyst R. Department now anticipates that the company will earn $3.89 per share for the year, up from their prior estimate of $3.59. The consensus estimate for Hasbro’s current full-year earnings is $3.89 per share. Zacks Research also issued estimates for Hasbro’s Q2 2025 earnings at $1.01 EPS, FY2025 earnings at $4.33 EPS and FY2026 earnings at $4.75 EPS.

A number of other equities analysts also recently weighed in on the stock. Bank of America raised shares of Hasbro from a “neutral” rating to a “buy” rating and raised their target price for the company from $70.00 to $80.00 in a research note on Friday, June 14th. Monness Crespi & Hardt raised their target price on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Roth Mkm raised their target price on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. DA Davidson reaffirmed a “neutral” rating and set a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Finally, UBS Group raised their price target on shares of Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.64.

Hasbro Stock Performance

Shares of HAS opened at $66.34 on Monday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a 50-day simple moving average of $60.80 and a two-hundred day simple moving average of $57.64. The firm has a market capitalization of $9.24 billion, a PE ratio of -6.54, a price-to-earnings-growth ratio of 0.51 and a beta of 0.62.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HAS. Louisiana State Employees Retirement System purchased a new position in shares of Hasbro during the 4th quarter worth $403,000. Daiwa Securities Group Inc. boosted its stake in shares of Hasbro by 15.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,483 shares of the company’s stock worth $637,000 after acquiring an additional 1,679 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Hasbro by 118.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after acquiring an additional 456 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Hasbro during the 4th quarter worth $53,000. Finally, Xponance Inc. lifted its stake in shares of Hasbro by 4.1% during the 4th quarter. Xponance Inc. now owns 32,008 shares of the company’s stock valued at $1,634,000 after buying an additional 1,262 shares in the last quarter. Hedge funds and other institutional investors 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 Hasbro 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 sale, the executive vice president now owns 53,003 shares of the company’s stock, valued at approximately $3,193,960.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.82% of the stock is currently owned by insiders.

Hasbro Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -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.