Hasbro (NASDAQ:HAS) – Research analysts at B. Riley dropped their Q2 2018 earnings per share estimates for Hasbro in a report issued on Thursday, April 19th. B. Riley analyst S. Anderson now anticipates that the company will post earnings per share of $0.52 for the quarter, down from their prior estimate of $0.55. B. Riley has a “Buy” rating and a $110.00 price target on the stock. B. Riley also issued estimates for Hasbro’s Q3 2018 earnings at $2.42 EPS, FY2018 earnings at $5.22 EPS and FY2019 earnings at $5.72 EPS.
Hasbro (NASDAQ:HAS) last released 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. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. Hasbro’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 earnings per share.
Several other research firms have also issued reports on HAS. Wells Fargo restated a “market perform” rating and issued a $100.00 target price (up previously from $95.00) on shares of Hasbro in a report on Thursday, February 8th. BidaskClub upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. KeyCorp boosted their target price on shares of Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. BMO Capital Markets boosted their target price on shares of Hasbro from $83.00 to $100.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $105.07.
HAS stock opened at $82.81 on Monday. The firm has a market capitalization of $10,355.47, a P/E ratio of 15.17, a PEG ratio of 1.37 and a beta of 0.87. The company has a current ratio of 2.90, a quick ratio of 2.56 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.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. New Mexico Educational Retirement Board raised its holdings in shares of Hasbro by 4.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock valued at $996,000 after purchasing an additional 500 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Hasbro by 11.3% in the 4th quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock worth $488,000 after acquiring an additional 546 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Hasbro by 7.2% in the 4th quarter. MML Investors Services LLC now owns 8,496 shares of the company’s stock worth $772,000 after acquiring an additional 571 shares during the last quarter. Norinchukin Bank The raised its holdings in shares of Hasbro by 7.0% in the 4th quarter. Norinchukin Bank The now owns 9,063 shares of the company’s stock worth $824,000 after acquiring an additional 590 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Hasbro by 18.3% in the 4th quarter. CENTRAL TRUST Co now owns 4,361 shares of the company’s stock worth $397,000 after acquiring an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.
In other news, CEO Brian Goldner sold 308,164 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $96.97, for a total transaction of $29,882,663.08. Following the transaction, the chief executive officer now owns 101,134 shares in the company, valued at $9,806,963.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wiebe Tinga sold 3,955 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $97.19, for a total transaction of $384,386.45. The disclosure for this sale can be found here. Insiders have sold 394,435 shares of company stock worth $38,337,975 in the last quarter. Company insiders own 9.90% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. The ex-dividend date is Monday, April 30th. This represents a $2.52 annualized dividend and a dividend yield of 3.04%. This is a positive change from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio is currently 41.76%.
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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.
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