Roth Capital Equities Analysts Increase Earnings Estimates for Hasbro, Inc. (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Research analysts at Roth Capital increased their FY2024 earnings estimates for Hasbro in a research note issued on Thursday, April 25th. Roth Capital analyst E. Handler now forecasts that the company will earn $3.54 per share for the year, up from their previous forecast of $3.18. The consensus estimate for Hasbro’s current full-year earnings is $3.26 per share. Roth Capital also issued estimates for Hasbro’s FY2025 earnings at $4.10 EPS.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business’s revenue was down 24.3% on a year-over-year basis.

Several other equities analysts have also weighed in on the stock. Bank of America lifted their target price on shares of Hasbro from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Monness Crespi & Hardt boosted their price target on Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group increased their price objective on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Roth Mkm raised their target price on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.73.

Hasbro Stock Performance

NASDAQ:HAS opened at $64.47 on Friday. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The company has a market cap of $8.95 billion, a P/E ratio of -6.36, a P/E/G ratio of 1.13 and a beta of 0.74. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. The firm’s 50 day moving average is $54.43 and its two-hundred day moving average is $51.18.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.34%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is -27.61%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Studio Investment Management LLC purchased a new stake in shares of Hasbro during the 3rd quarter worth about $26,000. ING Groep NV acquired a new stake in Hasbro in the third quarter valued at approximately $29,000. Lindbrook Capital LLC grew its position in Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after acquiring an additional 167 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after purchasing an additional 408 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of Hasbro during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.