$2.17 EPS Expected for Hasbro, Inc. (HAS) This Quarter
Equities research analysts forecast that Hasbro, Inc. (NASDAQ:HAS) will post $2.17 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Hasbro’s earnings, with the highest EPS estimate coming in at $2.28 and the lowest estimate coming in at $2.12. Hasbro posted earnings per share of $2.03 in the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The company is expected to announce its next quarterly earnings report on Monday, October 16th.
According to Zacks, analysts expect that Hasbro will report full-year earnings of $5.00 per share for the current year, with EPS estimates ranging from $4.93 to $5.08. For the next year, analysts anticipate that the firm will report earnings of $5.23 per share, with EPS estimates ranging from $5.08 to $5.36. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Hasbro.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. The company had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. Hasbro’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS.
HAS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Thursday, June 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a report on Friday, July 21st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Hasbro in a report on Sunday, April 23rd. DA Davidson reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a report on Tuesday, May 23rd. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Hasbro in a report on Wednesday, April 26th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Hasbro has an average rating of “Buy” and an average price target of $106.69.
In related news, EVP Wiebe Tinga sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total value of $2,600,250.00. Following the sale, the executive vice president now directly owns 85,630 shares of the company’s stock, valued at $8,906,376.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan G. Hassenfeld sold 280,906 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the completion of the sale, the director now directly owns 29,140 shares in the company, valued at $3,079,515.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 814,917 shares of company stock valued at $86,222,617. Insiders own 11.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted 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 valued at $100,000 after buying an additional 100 shares in the last quarter. Oakworth Capital Inc. boosted its stake in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares in the last quarter. YorkBridge Wealth Partners LLC boosted 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 valued at $113,000 after buying an additional 873 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in Hasbro during the first quarter valued at about $119,000. Finally, Meeder Asset Management Inc. bought a new stake in Hasbro during the first quarter valued at about $131,000. 78.23% of the stock is currently owned by institutional investors and hedge funds.
Hasbro (HAS) opened at 103.49 on Monday. Hasbro has a one year low of $76.14 and a one year high of $116.20. The company has a 50-day moving average of $110.57 and a 200 day moving average of $100.83. The company has a market cap of $12.96 billion, a P/E ratio of 22.41 and a beta of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.20%. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
Hasbro Company Profile
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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