Hasbro, Inc. (NASDAQ:HAS) Expected to Post Quarterly Sales of $972.96 Million
Equities analysts predict that Hasbro, Inc. (NASDAQ:HAS) will post $972.96 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Hasbro’s earnings, with estimates ranging from $954.20 million to $999.00 million. Hasbro posted sales of $878.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.7%. The firm is scheduled to announce its next earnings results before the market opens on Monday, July 24th.
On average, analysts expect that Hasbro will report full-year sales of $972.96 million for the current year, with estimates ranging from $5.37 billion to $5.46 billion. For the next year, analysts forecast that the firm will report sales of $5.55 billion per share, with estimates ranging from $5.40 billion to $5.63 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Hasbro.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business had revenue of $849.70 million during the quarter, compared to the consensus estimate of $818.27 million. Hasbro had a net margin of 11.34% and a return on equity of 32.36%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share.
HAS has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $110.00 price objective on shares of Hasbro in a report on Monday, April 3rd. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Monday, May 22nd. DA Davidson restated a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a report on Tuesday, May 23rd. Jefferies Group LLC initiated coverage on shares of Hasbro in a report on Thursday, June 8th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Argus initiated coverage on shares of Hasbro in a report on Friday, June 16th. They issued a “buy” rating and a $128.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Hasbro currently has a consensus rating of “Buy” and an average price target of $106.40.
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Hasbro (NASDAQ:HAS) traded up 0.30% during mid-day trading on Thursday, hitting $114.38. 313,655 shares of the stock traded hands. The stock has a market cap of $14.30 billion, a P/E ratio of 25.42 and a beta of 0.92. Hasbro has a 12 month low of $76.14 and a 12 month high of $115.00. The stock has a 50-day moving average price of $110.42 and a 200-day moving average price of $99.15.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, July 28th. This represents a $2.28 dividend on an annualized basis and a yield of 2.00%. Hasbro’s dividend payout ratio (DPR) is presently 50.67%.
A number of large investors have recently added to or reduced their stakes in HAS. Acrospire Investment Management LLC raised its stake in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. raised its stake in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC acquired a new stake in Hasbro during the first quarter worth about $119,000. Finally, Meeder Asset Management Inc. acquired a new stake in Hasbro during the first quarter worth about $131,000. Institutional investors own 78.61% of the company’s stock.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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