Zacks: Brokerages Anticipate Hasbro, Inc. (HAS) Will Announce Earnings of $0.34 Per Share

Equities research analysts expect that Hasbro, Inc. (NASDAQ:HAS) will report earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Hasbro’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.46. Hasbro reported earnings of $0.43 per share during the same quarter last year, which would indicate a negative year over year growth rate of 20.9%. The business is expected to report its next quarterly earnings results before the market opens on Monday, April 23rd.

On average, analysts expect that Hasbro will report full year earnings of $5.26 per share for the current fiscal year, with EPS estimates ranging from $4.83 to $5.55. For the next year, analysts anticipate that the business will report earnings of $5.77 per share, with EPS estimates ranging from $5.52 to $6.00. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Hasbro.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.48. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 EPS.



Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. B. Riley assumed coverage on shares of Hasbro in a research report on Thursday, December 21st. They issued a “buy” rating and a $108.00 price target for the company. Wells Fargo reaffirmed a “market perform” rating and issued a $100.00 price target (up previously from $95.00) on shares of Hasbro in a research report on Thursday, February 8th. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Finally, KeyCorp upped their price target on shares of Hasbro from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.07.

In related news, President John Frascotti sold 47,024 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.29, for a total transaction of $4,621,988.96. Following the completion of the sale, the president now owns 85,625 shares of the company’s stock, valued at $8,416,081.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 8,884 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $97.51, for a total transaction of $866,278.84. The disclosure for this sale can be found here. Insiders have sold 394,435 shares of company stock valued at $38,337,975 in the last three months. 9.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC purchased a new stake in Hasbro during the fourth quarter valued at approximately $131,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Hasbro during the fourth quarter valued at approximately $136,000. Delpha Capital Management LLC purchased a new stake in Hasbro during the fourth quarter valued at approximately $161,000. Ellington Management Group LLC acquired a new position in Hasbro during the 4th quarter valued at approximately $209,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in Hasbro during the 4th quarter valued at approximately $209,000. 80.26% of the stock is owned by institutional investors.

Hasbro stock traded up $0.93 during trading hours on Friday, hitting $87.76. The company had a trading volume of 1,122,785 shares, compared to its average volume of 1,603,627. The stock has a market cap of $10,920.69, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56. Hasbro has a 1 year low of $83.40 and a 1 year high of $116.20.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a dividend of $0.63 per share. This is a boost from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a yield of 2.87%. Hasbro’s dividend payout ratio is presently 41.76%.

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About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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