Hasbro, Inc. (HAS) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS
Hasbro, Inc. (NASDAQ:HAS) released its earnings results on Monday. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.15, Bloomberg Earnings reports. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm earned $2.03 EPS. The firm’s revenue was up 6.6% on a year-over-year basis.
Hasbro (HAS) traded up 3.24% during midday trading on Tuesday, reaching $92.66. 938,329 shares of the company’s stock traded hands. The company has a market capitalization of $11.59 billion, a PE ratio of 20.07 and a beta of 0.92. The firm’s 50 day moving average price is $95.90 and its 200-day moving average price is $101.71. Hasbro has a 1-year low of $77.20 and a 1-year high of $116.20.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s payout ratio is 49.35%.
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In other news, EVP Wiebe Tinga sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the transaction, the executive vice president now directly owns 85,630 shares in the company, valued at $8,906,376.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Barbara Finigan sold 23,483 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the transaction, the executive vice president now owns 32,345 shares in the company, valued at $3,438,273.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,423,264 shares of company stock worth $145,144,664. Company insiders own 11.00% of the company’s stock.
Several research firms recently issued reports on HAS. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Thursday, September 14th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $102.00 target price on shares of Hasbro in a research report on Thursday, October 12th. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Stifel Nicolaus reissued a “hold” rating and issued a $107.00 target price (up from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. Finally, DA Davidson reissued a “buy” rating and issued a $121.00 target price (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $100.55.
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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