Brokerages expect that Hasbro, Inc. (NASDAQ:HAS) will report sales of $1.54 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Hasbro’s earnings, with the lowest sales estimate coming in at $1.49 billion and the highest estimate coming in at $1.59 billion. Hasbro posted sales of $1.60 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.8%. The company is expected to issue its next quarterly earnings results on Wednesday, February 6th.
On average, analysts expect that Hasbro will report full-year sales of $4.73 billion for the current fiscal year, with estimates ranging from $4.69 billion to $4.78 billion. For the next year, analysts forecast that the firm will post sales of $5.12 billion, with estimates ranging from $4.97 billion to $5.35 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Hasbro.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.23 by ($0.30). Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year.
A number of research firms recently issued reports on HAS. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. Zacks Investment Research lowered Hasbro from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Stifel Nicolaus lifted their price objective on Hasbro from $100.00 to $106.00 and gave the stock a “hold” rating in a research report on Friday, October 5th. KeyCorp lifted their price objective on Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 15th. Finally, Consumer Edge began coverage on Hasbro in a research report on Monday, August 13th. They issued an “outperform” rating and a $79.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Hasbro has a consensus rating of “Hold” and a consensus price target of $105.33.
In other news, EVP Wiebe Tinga sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $99.80, for a total transaction of $598,800.00. Following the completion of the transaction, the executive vice president now directly owns 44,559 shares in the company, valued at approximately $4,446,988.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan G. Hassenfeld sold 5,350 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $97.41, for a total value of $521,143.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 713,570 shares of company stock valued at $69,562,482. Corporate insiders own 9.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Valeo Financial Advisors LLC grew its position in shares of Hasbro by 87.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,283 shares of the company’s stock worth $118,000 after buying an additional 600 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Hasbro during the 2nd quarter worth about $136,000. Bbva Compass Bancshares Inc. acquired a new position in shares of Hasbro during the 3rd quarter worth about $179,000. Captrust Financial Advisors grew its position in shares of Hasbro by 54.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the company’s stock valued at $184,000 after purchasing an additional 619 shares during the period. Finally, Cape ANN Savings Bank acquired a new position in shares of Hasbro in the 3rd quarter valued at approximately $205,000. Institutional investors own 86.20% of the company’s stock.
Hasbro stock opened at $83.93 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.41 and a quick ratio of 1.95. Hasbro has a 12-month low of $79.00 and a 12-month high of $109.60. The stock has a market capitalization of $11.18 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $2.52 dividend on an annualized basis and a yield of 3.00%. Hasbro’s payout ratio is 46.15%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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