Hasbro, Inc. (HAS) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Hasbro, Inc. (NASDAQ:HAS) posted its earnings results on Monday. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.08, RTT News reports. Hasbro had a net margin of 11.34% and a return on equity of 32.36%. The business had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year.
Hasbro (HAS) opened at 115.95 on Monday. The firm’s 50-day moving average price is $110.70 and its 200 day moving average price is $99.26. Hasbro has a 52 week low of $76.14 and a 52 week high of $116.20. The firm has a market cap of $14.49 billion, a P/E ratio of 25.77 and a beta of 0.92.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, July 28th. Hasbro’s dividend payout ratio (DPR) is presently 50.67%.
Several large investors have recently modified their holdings of the company. Manning & Napier Advisors LLC raised its stake in Hasbro by 245.4% in the second quarter. Manning & Napier Advisors LLC now owns 25,708 shares of the company’s stock valued at $2,865,000 after buying an additional 18,265 shares in the last quarter. BB&T Corp boosted its position in Hasbro by 1.9% in the second quarter. BB&T Corp now owns 16,434 shares of the company’s stock valued at $1,833,000 after buying an additional 304 shares in the last quarter. Oakbrook Investments LLC boosted its position in Hasbro by 83.8% in the second quarter. Oakbrook Investments LLC now owns 8,270 shares of the company’s stock valued at $922,000 after buying an additional 3,770 shares in the last quarter. Bollard Group LLC boosted its position in Hasbro by 0.6% in the second quarter. Bollard Group LLC now owns 7,090 shares of the company’s stock valued at $791,000 after buying an additional 40 shares in the last quarter. Finally, Cape ANN Savings Bank acquired a new position in Hasbro during the second quarter valued at $219,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.
A number of equities research analysts have commented on HAS shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $110.00 price objective on shares of Hasbro in a report on Monday, April 3rd. B. Riley assumed coverage on shares of Hasbro in a research note on Monday, April 3rd. They issued a “neutral” rating and a $111.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, April 5th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $86.00 price target on shares of Hasbro in a research report on Thursday, April 13th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $106.40.
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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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