Hasbro (HAS) to Release Earnings on Monday

Hasbro (NASDAQ:HAS) is scheduled to post its quarterly earnings results before the market opens on Monday, April 23rd. Analysts expect Hasbro to post earnings of $0.42 per share for the quarter.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $1.64 EPS. The company’s revenue was down 1.8% on a year-over-year basis. On average, analysts expect Hasbro to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NASDAQ:HAS opened at $82.81 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.56 and a current ratio of 2.90. Hasbro has a 12-month low of $82.45 and a 12-month high of $116.20. The firm has a market cap of $10,503.02, a price-to-earnings ratio of 15.17, a PEG ratio of 1.38 and a beta of 0.87.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.63 per share. This is an increase from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Monday, April 30th. Hasbro’s payout ratio is 41.76%.

Several analysts have issued reports on the stock. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Wells Fargo restated a “market perform” rating and set a $100.00 price target (up from $95.00) on shares of Hasbro in a report on Thursday, February 8th. B. Riley boosted their price target on shares of Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Jefferies Group set a $110.00 price target on shares of Hasbro and gave the company a “buy” rating in a report on Thursday, March 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $105.07.

In related news, EVP Wiebe Tinga sold 3,955 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $97.19, for a total value of $384,386.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas J. Jr. Courtney sold 8,884 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $97.51, for a total transaction of $866,278.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 394,435 shares of company stock worth $38,337,975. 9.90% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Hasbro (HAS) to Release Earnings on Monday” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/04/22/hasbro-has-to-release-earnings-on-monday.html.

Hasbro Company Profile

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.

Earnings History for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply