FY2018 EPS Estimates for Hasbro, Inc. Lifted by Analyst (HAS)

Hasbro, Inc. (NASDAQ:HAS) – Research analysts at KeyCorp increased their FY2018 earnings per share (EPS) estimates for Hasbro in a note issued to investors on Wednesday. KeyCorp analyst B. Andress now anticipates that the company will post earnings of $5.40 per share for the year, up from their previous forecast of $5.35. KeyCorp currently has a “Overweight” rating and a $110.00 target price on the stock.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business posted $1.64 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year.

Several other research analysts have also weighed in on HAS. Wells Fargo & Co restated a “market perform” rating and set a $100.00 target price (up from $95.00) on shares of Hasbro in a research report on Thursday. BMO Capital Markets increased their price target on shares of Hasbro from $83.00 to $100.00 and gave the company a “market perform” rating in a research report on Thursday. Stifel Nicolaus lowered their price target on shares of Hasbro from $100.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, January 30th. BidaskClub upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, B. Riley increased their price target on shares of Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $109.87.

Hasbro (NASDAQ:HAS) opened at $97.73 on Monday. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. Hasbro has a 1 year low of $87.92 and a 1 year high of $116.20. The firm has a market cap of $12,172.82, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86.

A number of large investors have recently bought and sold shares of HAS. Benjamin F. Edwards & Company Inc. raised its stake in Hasbro by 7,100.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after purchasing an additional 1,065 shares during the period. SeaCrest Wealth Management LLC purchased a new position in Hasbro during the fourth quarter worth approximately $131,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Hasbro in the 4th quarter valued at $136,000. Highstreet Asset Management Inc. raised its stake in shares of Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after acquiring an additional 812 shares during the period. Finally, Fiduciary Trust Co. purchased a new position in shares of Hasbro in the 4th quarter valued at $243,000. 79.86% of the stock is currently owned by institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.63 per share. The ex-dividend date is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a yield of 2.58%. This is an increase from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio (DPR) is currently 73.08%.

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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.

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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