Hasbro Hits New 52-Week High After Better-Than-Expected Earnings (HAS)
Shares of Hasbro (NYSE:HAS) reached a new 52-week high on Monday following a better than expected earnings announcement, AnalystRatingsNetwork reports. The stock traded as high as $56.91 and last traded at $55.02, with a volume of 819,842 shares trading hands. The stock had previously closed at $54.61.
The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.04. The company had revenue of $679.45 million for the quarter, compared to the consensus estimate of $686.91 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis.
A number of research firms have recently commented on HAS. Analysts at Needham & Company LLC downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. They now have a $58.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hasbro in a research note on Friday, February 28th. They now have a $58.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Hasbro to $55.00 in a research note on Monday, February 24th. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Hasbro currently has a consensus rating of “Hold” and a consensus target price of $54.63.
The stock’s 50-day moving average is $54.78 and its 200-day moving average is $52.45. The company has a market cap of $7.202 billion and a P/E ratio of 25.17.
Hasbro, Inc, engaged in providing children’s and family leisure time products with a range of portfolio of brands and entertainment properties.
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