Analysts expect Hasbro (NASDAQ:HAS) to report $826.22 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Hasbro’s earnings, with the lowest sales estimate coming in at $793.60 million and the highest estimate coming in at $853.16 million. Hasbro posted sales of $849.66 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.8%. The firm is expected to report its next earnings results before the market opens on Monday, April 23rd.
According to Zacks, analysts expect that Hasbro will report full year sales of $5.23 billion for the current fiscal year, with estimates ranging from $5.06 billion to $5.41 billion. For the next year, analysts expect that the business will post sales of $5.52 billion per share, with estimates ranging from $5.37 billion to $5.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Hasbro.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 EPS.
Several brokerages have weighed in on HAS. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Wells Fargo restated a “market perform” rating and issued a $100.00 price objective (up from $95.00) on shares of Hasbro in a report on Thursday, February 8th. B. Riley upped their price objective on shares of Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Jefferies Group set a $110.00 price objective on shares of Hasbro and gave the stock a “buy” rating in a report on Thursday, March 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.07.
HAS traded down $1.18 during trading on Friday, hitting $82.81. 2,772,963 shares of the stock traded hands, compared to its average volume of 1,635,053. The stock has a market capitalization of $10,690.59, a P/E ratio of 15.17, a PEG ratio of 1.41 and a beta of 0.87. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. Hasbro has a 12-month low of $82.45 and a 12-month high of $116.20.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Monday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a yield of 3.04%. Hasbro’s dividend payout ratio is 41.76%.
In related news, CFO Deborah Thomas sold 6,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $96.33, for a total value of $577,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Goldner sold 308,164 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $96.97, for a total transaction of $29,882,663.08. Following the completion of the transaction, the chief executive officer now owns 101,134 shares of the company’s stock, valued at $9,806,963.98. The disclosure for this sale can be found here. Insiders sold a total of 394,435 shares of company stock valued at $38,337,975 over the last 90 days. Company insiders own 9.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC bought a new stake in Hasbro during the 4th quarter valued at about $131,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hasbro during the 4th quarter valued at about $136,000. Delpha Capital Management LLC bought a new stake in Hasbro during the 4th quarter valued at about $161,000. Ellington Management Group LLC bought a new stake in Hasbro during the 4th quarter valued at about $209,000. Finally, Laurel Wealth Advisors Inc. bought a new stake in Hasbro during the 4th quarter valued at about $209,000. Institutional investors own 79.95% of the company’s stock.
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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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