$1.74 Billion in Sales Expected for Hasbro, Inc. (HAS) This Quarter

Equities analysts expect that Hasbro, Inc. (NASDAQ:HAS) will post $1.74 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Hasbro’s earnings, with the lowest sales estimate coming in at $1.73 billion and the highest estimate coming in at $1.78 billion. Hasbro posted sales of $1.63 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The company is scheduled to announce its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Hasbro will report full-year sales of $1.74 billion for the current year, with estimates ranging from $5.34 billion to $5.43 billion. For the next year, analysts anticipate that the firm will post sales of $5.53 billion per share, with estimates ranging from $5.40 billion to $5.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Hasbro.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company posted $2.03 EPS. Hasbro’s revenue was up 6.6% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research note on Monday, October 2nd. Stifel Nicolaus reduced their price objective on shares of Hasbro from $104.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, October 24th. BidaskClub lowered shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Finally, B. Riley assumed coverage on shares of Hasbro in a research note on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $105.81.

Hasbro (NASDAQ:HAS) traded down $0.79 during mid-day trading on Thursday, hitting $91.29. 1,677,400 shares of the company traded hands, compared to its average volume of 1,450,550. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. Hasbro has a 1-year low of $79.31 and a 1-year high of $116.20. The firm has a market cap of $11,340.00, a price-to-earnings ratio of 19.46, a PEG ratio of 1.75 and a beta of 0.86.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, January 31st. Hasbro’s dividend payout ratio is 48.61%.

A number of institutional investors have recently added to or reduced their stakes in the business. Aurora Investment Counsel acquired a new position in shares of Hasbro during the fourth quarter valued at about $2,742,000. Parametric Portfolio Associates LLC raised its position in shares of Hasbro by 2.9% during the third quarter. Parametric Portfolio Associates LLC now owns 212,823 shares of the company’s stock valued at $20,786,000 after buying an additional 5,937 shares during the last quarter. Cypress Capital Group raised its position in shares of Hasbro by 146.6% during the third quarter. Cypress Capital Group now owns 5,500 shares of the company’s stock valued at $538,000 after buying an additional 3,270 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in Hasbro in the third quarter valued at about $307,000. Finally, Stonebridge Capital Advisors LLC increased its stake in Hasbro by 9.1% in the third quarter. Stonebridge Capital Advisors LLC now owns 8,258 shares of the company’s stock valued at $807,000 after acquiring an additional 690 shares during the period. 79.35% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/04/1-74-billion-in-sales-expected-for-hasbro-inc-has-this-quarter.html.

About Hasbro

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.

Get a free copy of the Zacks research report on Hasbro (HAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply