Hasbro (HAS) Scheduled to Post Quarterly Earnings on Wednesday

Hasbro (NASDAQ:HAS) will be issuing its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. Hasbro’s revenue was down 23.2% on a year-over-year basis. On average, analysts expect Hasbro to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Hasbro Trading Down 1.0 %

NASDAQ HAS opened at $55.03 on Wednesday. The firm has a 50 day simple moving average of $53.12 and a 200-day simple moving average of $51.15. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. Hasbro has a one year low of $42.66 and a one year high of $73.57. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of -5.13, a PEG ratio of 1.48 and a beta of 0.74.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.09%. Hasbro’s payout ratio is -26.12%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in Hasbro by 2.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 54,724 shares of the company’s stock worth $2,794,000 after purchasing an additional 1,495 shares during the last quarter. Prelude Capital Management LLC bought a new stake in Hasbro during the 4th quarter worth $407,000. Groupama Asset Managment bought a new stake in Hasbro during the 4th quarter worth $1,476,000. Gotham Asset Management LLC grew its position in shares of Hasbro by 148.3% in the 4th quarter. Gotham Asset Management LLC now owns 45,131 shares of the company’s stock valued at $2,304,000 after buying an additional 26,957 shares during the last quarter. Finally, Bayesian Capital Management LP grew its position in shares of Hasbro by 25.4% in the 4th quarter. Bayesian Capital Management LP now owns 9,380 shares of the company’s stock valued at $479,000 after buying an additional 1,900 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HAS shares. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Monday. DA Davidson reiterated a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. Stifel Nicolaus increased their target price on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group raised their price objective on Hasbro from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Hasbro currently has a consensus rating of “Hold” and an average target price of $61.90.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.