Hasbro, Inc. (HAS) To Go Ex-Dividend on November 20th

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Thursday, October 17th,Zacks Dividends reports. Shareholders of record on Wednesday, November 20th will be given a dividend of 0.70 per share on Wednesday, December 4th. This represents a $2.80 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Wednesday, November 20th.

Hasbro has increased its dividend payment by an average of 1.0% annually over the last three years. Hasbro has a dividend payout ratio of 63.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hasbro to earn $4.49 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 62.4%.

Hasbro Stock Down 1.3 %

HAS stock opened at $62.21 on Monday. The business has a 50 day moving average of $69.01 and a 200 day moving average of $64.29. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro has a twelve month low of $43.74 and a twelve month high of $73.46. The firm has a market cap of $8.68 billion, a PE ratio of -13.41, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. The company 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 47.91% and a negative net margin of 14.83%. Hasbro’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. On average, research analysts forecast that Hasbro will post 3.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HAS has been the topic of several research reports. Jefferies Financial Group lifted their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Bank of America upped their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.67.

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.