Hasbro, Inc. (NASDAQ:HAS) – Jefferies Financial Group dropped their Q3 2019 earnings estimates for shares of Hasbro in a report released on Monday, September 9th. Jefferies Financial Group analyst S. Wissink now expects that the company will post earnings of $2.34 per share for the quarter, down from their previous estimate of $2.37. Jefferies Financial Group also issued estimates for Hasbro’s Q4 2019 earnings at $1.68 EPS, FY2019 earnings at $5.01 EPS, Q2 2020 earnings at $0.94 EPS and Q3 2020 earnings at $2.64 EPS.
HAS has been the subject of a number of other reports. Stifel Nicolaus upped their price objective on shares of Hasbro from $95.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, July 15th. DA Davidson reiterated a “buy” rating on shares of Hasbro in a report on Friday, August 23rd. SunTrust Banks set a $118.00 target price on shares of Hasbro and gave the stock a “hold” rating in a research report on Friday, August 23rd. Monness Crespi & Hardt restated a “buy” rating and set a $127.00 price target (up previously from $109.00) on shares of Hasbro in a report on Wednesday, July 24th. Finally, Argus raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, July 26th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $122.17.
Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The company had revenue of $984.54 million for the quarter, compared to analyst estimates of $958.91 million. During the same period in the previous year, the firm earned $0.48 earnings per share. Hasbro’s revenue for the quarter was up 8.9% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in HAS. Doyle Wealth Management purchased a new stake in shares of Hasbro during the second quarter worth $27,000. SRS Capital Advisors Inc. purchased a new position in Hasbro in the second quarter valued at about $30,000. Kempen Capital Management N.V. purchased a new position in Hasbro in the second quarter valued at about $33,000. Kavar Capital Partners LLC purchased a new position in Hasbro in the second quarter valued at about $37,000. Finally, Glassman Wealth Services increased its position in Hasbro by 2,106.3% in the 2nd quarter. Glassman Wealth Services now owns 353 shares of the company’s stock worth $37,000 after purchasing an additional 337 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, October 31st. Hasbro’s dividend payout ratio is currently 70.65%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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