Roth Capital Analysts Increase Earnings Estimates for Hasbro, Inc. (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Roth Capital lifted their FY2024 EPS estimates for Hasbro in a research report issued on Thursday, April 25th. Roth Capital analyst E. Handler now anticipates that the company will earn $3.54 per share for the year, up from their previous estimate of $3.18. The consensus estimate for Hasbro’s current full-year earnings is $3.26 per share. Roth Capital also issued estimates for Hasbro’s FY2025 earnings at $4.10 EPS.

HAS has been the subject of a number of other research reports. Monness Crespi & Hardt increased their target price on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group raised their price target on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. DA Davidson reaffirmed a “neutral” rating and set a $52.00 target price on shares of Hasbro in a report on Tuesday, March 26th. TheStreet cut shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $65.73.

Hasbro Stock Down 0.8 %

Shares of NASDAQ HAS opened at $64.47 on Friday. The business’s fifty day moving average price is $54.43 and its 200-day moving average price is $51.18. Hasbro has a one year low of $42.66 and a one year high of $73.57. The stock has a market capitalization of $8.95 billion, a PE ratio of -6.36, a P/E/G ratio of 1.13 and a beta of 0.74. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.97.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. During the same quarter last year, the business posted $0.01 EPS. Hasbro’s quarterly revenue was down 24.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First National Trust Co grew its stake in shares of Hasbro by 25.5% in the first quarter. First National Trust Co now owns 30,924 shares of the company’s stock worth $1,748,000 after purchasing an additional 6,283 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Hasbro by 62.5% in the 1st quarter. Verdence Capital Advisors LLC now owns 68,184 shares of the company’s stock worth $3,854,000 after buying an additional 26,219 shares during the period. Lindbrook Capital LLC grew its position in shares of Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hasbro by 29.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 351,284 shares of the company’s stock valued at $19,855,000 after buying an additional 79,490 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Hasbro by 24.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 92,734 shares of the company’s stock worth $5,241,000 after acquiring an additional 18,400 shares during the period. Institutional investors own 91.83% of the company’s stock.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.34%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently -27.61%.

About Hasbro

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.