$1.73 Billion in Sales Expected for Hasbro, Inc. (HAS) This Quarter

Equities analysts forecast that Hasbro, Inc. (NASDAQ:HAS) will report sales of $1.73 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Hasbro’s earnings. The lowest sales estimate is $1.71 billion and the highest is $1.78 billion. Hasbro reported sales of $1.63 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The firm is expected to report its next quarterly earnings results on Monday, February 5th.

On average, analysts expect that Hasbro will report full-year sales of $1.73 billion for the current fiscal year, with estimates ranging from $5.33 billion to $5.43 billion. For the next financial year, analysts anticipate that the company will post sales of $5.52 billion per share, with estimates ranging from $5.37 billion to $5.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Hasbro.

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

HAS has been the topic of a number of analyst reports. BidaskClub cut Hasbro from a “hold” rating to a “sell” rating in a research report on Tuesday. Stifel Nicolaus lowered their price objective on Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, October 16th. Zacks Investment Research cut Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Barclays raised Hasbro from an “equal weight” rating to an “overweight” rating and set a $110.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 price objective on shares of Hasbro in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and a consensus price target of $105.81.

Hasbro (NASDAQ HAS) opened at $92.56 on Friday. The stock has a market capitalization of $11,530.00, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.49 and a beta of 0.86. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11. Hasbro has a 12-month low of $80.22 and a 12-month high of $116.20.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, January 31st. Hasbro’s dividend payout ratio (DPR) is presently 48.61%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its stake in Hasbro by 7,100.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after purchasing an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Hasbro by 2.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after purchasing an additional 32 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in Hasbro during the 2nd quarter valued at approximately $155,000. Highstreet Asset Management Inc. raised its stake in Hasbro by 105.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after purchasing an additional 812 shares during the period. Finally, Moors & Cabot Inc. bought a new stake in Hasbro during the 2nd quarter valued at approximately $229,000. 79.73% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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