Hasbro (NASDAQ:HAS) Issues Quarterly Earnings Results

Hasbro (NASDAQ:HAS) issued its quarterly earnings data on Thursday. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.37, RTT News reports. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share.

Hasbro Trading Down 6.0 %

HAS opened at $66.10 on Friday. The stock has a market capitalization of $9.20 billion, a PE ratio of -6.52, a P/E/G ratio of 0.54 and a beta of 0.61. Hasbro has a one year low of $42.66 and a one year high of $73.46. 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’s 50 day moving average price is $69.84 and its 200 day moving average price is $63.52.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.24%. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Analyst Ratings Changes

Several brokerages have issued reports on HAS. Stifel Nicolaus boosted their target price on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price objective on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group lifted their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, DA Davidson restated a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.10.

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.