Equities analysts predict that Hasbro, Inc. (NASDAQ:HAS) will report sales of $854.41 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Hasbro’s earnings, with the lowest sales estimate coming in at $743.70 million and the highest estimate coming in at $915.07 million. Hasbro reported sales of $972.51 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.1%. The firm is expected to announce its next quarterly earnings results before the market opens on Monday, July 23rd.
According to Zacks, analysts expect that Hasbro will report full year sales of $4.94 billion for the current fiscal year, with estimates ranging from $4.76 billion to $5.10 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.27 billion per share, with estimates ranging from $5.05 billion to $5.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Hasbro.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, April 23rd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The firm had revenue of $716.30 million for the quarter, compared to the consensus estimate of $816.00 million. Hasbro had a return on equity of 35.43% and a net margin of 4.25%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share.
HAS has been the topic of several recent analyst reports. TheStreet lowered shares of Hasbro from a “b-” rating to a “c+” rating in a research note on Friday, April 6th. BMO Capital Markets cut their price target on shares of Hasbro from $100.00 to $96.00 and set a “market perform” rating for the company in a report on Thursday, March 8th. They noted that the move was a valuation call. BidaskClub raised shares of Hasbro from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. Stifel Nicolaus cut their price target on shares of Hasbro from $98.00 to $93.00 and set a “hold” rating for the company in a report on Wednesday, April 4th. Finally, MKM Partners cut their price target on shares of Hasbro to $96.00 and set a “neutral” rating for the company in a report on Friday, April 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $102.07.
Shares of Hasbro stock traded up $0.30 during trading on Friday, hitting $91.32. 30,885 shares of the stock were exchanged, compared to its average volume of 960,348. The firm has a market capitalization of $11.45 billion, a PE ratio of 16.74, a P/E/G ratio of 1.63 and a beta of 0.86. Hasbro has a 1-year low of $79.00 and a 1-year high of $116.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.54 and a quick ratio of 2.94.
Hasbro declared that its board has approved a share repurchase plan on Thursday, May 17th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, July 31st. This represents a $2.52 annualized dividend and a yield of 2.76%. Hasbro’s dividend payout ratio (DPR) is 46.15%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXA lifted its stake in shares of Hasbro by 13.9% during the fourth quarter. AXA now owns 47,904 shares of the company’s stock worth $4,354,000 after purchasing an additional 5,858 shares in the last quarter. Norinchukin Bank The lifted its stake in shares of Hasbro by 7.0% during the fourth quarter. Norinchukin Bank The now owns 9,063 shares of the company’s stock worth $824,000 after purchasing an additional 590 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Hasbro by 133.3% during the fourth quarter. Two Sigma Advisers LP now owns 423,400 shares of the company’s stock worth $38,483,000 after purchasing an additional 241,930 shares in the last quarter. Stonebridge Capital Advisors LLC lifted its stake in shares of Hasbro by 11.5% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 9,207 shares of the company’s stock worth $837,000 after purchasing an additional 949 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its stake in shares of Hasbro by 101.4% during the fourth quarter. Maverick Capital Ltd. now owns 74,060 shares of the company’s stock worth $6,731,000 after purchasing an additional 37,280 shares in the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.
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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