Hasbro (NASDAQ:HAS) Releases Earnings Results, Beats Estimates By $0.34 EPS

Hasbro (NASDAQ:HAS) announced its quarterly earnings results on Wednesday. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34, RTT News reports. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. Hasbro’s quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share.

Hasbro Stock Performance

Hasbro stock opened at $65.03 on Thursday. The business has a fifty day moving average of $53.88 and a two-hundred day moving average of $51.05. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.31%. Hasbro’s dividend payout ratio is currently -26.12%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday, April 15th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday. Roth Mkm boosted their price target on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 8th. Jefferies Financial Group boosted their price target on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.80.

About Hasbro

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.