Jefferies Group Weighs in on Hasbro, Inc.’s Q1 2019 Earnings (HAS)

Hasbro, Inc. (NASDAQ:HAS) – Research analysts at Jefferies Group lowered their Q1 2019 EPS estimates for Hasbro in a report released on Wednesday. Jefferies Group analyst S. Wissink now expects that the company will post earnings of $0.35 per share for the quarter, down from their previous estimate of $0.42. Jefferies Group also issued estimates for Hasbro’s Q4 2019 earnings at $2.07 EPS.

Several other research firms have also commented on HAS. Wells Fargo & Co reiterated a “market perform” rating and issued a $100.00 target price (up from $95.00) on shares of Hasbro in a research note on Thursday. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. DA Davidson set a $124.00 price target on Hasbro and gave the company a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, Stifel Nicolaus lowered their price target on Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, October 16th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $109.87.

Hasbro (NASDAQ HAS) opened at $97.73 on Monday. The company has a market capitalization of $12,172.82, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.56 and a beta of 0.86. Hasbro has a 12 month low of $87.92 and a 12 month high of $116.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a $0.63 dividend. This is a boost from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, April 30th. This represents a $2.52 annualized dividend and a dividend yield of 2.58%. Hasbro’s payout ratio is 73.08%.

Several large investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans lifted its stake in shares of Hasbro by 3.4% in the second quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock worth $475,000 after acquiring an additional 140 shares in the last quarter. National Asset Management Inc. lifted its stake in shares of Hasbro by 6.5% in the second quarter. National Asset Management Inc. now owns 2,718 shares of the company’s stock worth $305,000 after acquiring an additional 166 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Hasbro by 2.6% in the second quarter. Advisory Services Network LLC now owns 9,607 shares of the company’s stock worth $1,071,000 after acquiring an additional 239 shares in the last quarter. Scotia Capital Inc. lifted its stake in shares of Hasbro by 21.3% in the second quarter. Scotia Capital Inc. now owns 2,779 shares of the company’s stock worth $310,000 after acquiring an additional 488 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its stake in shares of Hasbro by 4.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock worth $996,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 79.86% of the company’s stock.

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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.

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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