Hasbro Inc. (HAS) Set to Announce Earnings on Monday
Hasbro Inc. (NASDAQ:HAS) is scheduled to be announcing its Q316 earnings results on Monday, October 17th. Analysts expect the company to announce earnings of $1.74 per share and revenue of $1.56 billion for the quarter.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The company had revenue of $878.90 million for the quarter, compared to analyst estimates of $858.97 million. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. Hasbro’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. On average, analysts expect Hasbro to post $4.04 EPS for the current fiscal year and $4.52 EPS for the next fiscal year.
Shares of Hasbro Inc. (NASDAQ:HAS) opened at 76.62 on Friday. Hasbro Inc. has a 52-week low of $64.91 and a 52-week high of $88.53. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 20.08 and a beta of 1.00. The stock’s 50 day moving average price is $79.83 and its 200-day moving average price is $82.60.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/14/hasbro-inc-has-set-to-announce-earnings-on-monday.html
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 annualized dividend and a dividend yield of 2.66%. Hasbro’s payout ratio is 53.40%.
Several brokerages have recently issued reports on HAS. Jefferies Group reiterated a “hold” rating and issued a $82.00 price target on shares of Hasbro in a research note on Thursday. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr lowered Hasbro from a “buy” rating to a “hold” rating and set a $85.90 price objective on the stock. in a research report on Monday, September 5th. MKM Partners restated a “hold” rating and set a $84.00 price objective on shares of Hasbro in a research report on Tuesday, July 12th. Finally, Barclays PLC reduced their price objective on Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and an average price target of $86.90.
Several hedge funds and other institutional investors have recently made changes to their positions in HAS. Pacer Advisors Inc. increased its position in shares of Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock worth $173,000 after buying an additional 366 shares in the last quarter. National Asset Management Inc. acquired a new position in shares of Hasbro during the second quarter worth about $203,000. BOKF NA acquired a new position in shares of Hasbro during the second quarter worth about $213,000. WFG Advisors LP increased its position in shares of Hasbro by 0.4% in the second quarter. WFG Advisors LP now owns 2,543 shares of the company’s stock worth $214,000 after buying an additional 11 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in shares of Hasbro by 11.8% in the second quarter. Scotia Capital Inc. now owns 2,851 shares of the company’s stock worth $240,000 after buying an additional 300 shares in the last quarter. 76.79% of the stock is currently owned by institutional investors.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
Receive News & Ratings for Hasbro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.