Equities analysts expect Hasbro, Inc. (NASDAQ:HAS) to report $1.72 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Hasbro’s earnings. The lowest sales estimate is $1.66 billion and the highest is $1.76 billion. Hasbro posted sales of $1.57 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 9.6%. The company is expected to issue its next quarterly earnings report on Monday, October 28th.
On average, analysts expect that Hasbro will report full-year sales of $4.99 billion for the current year, with estimates ranging from $4.78 billion to $5.07 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.22 billion, with estimates ranging from $4.97 billion to $5.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Hasbro.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.27. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The business had revenue of $984.54 million during the quarter, compared to analyst estimates of $958.91 million. During the same quarter last year, the company posted $0.48 EPS. Hasbro’s revenue for the quarter was up 8.9% on a year-over-year basis.
HAS has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on Hasbro from $95.00 to $99.00 and gave the company a “hold” rating in a research report on Monday, July 15th. MKM Partners increased their price target on Hasbro from $123.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Barclays increased their price target on Hasbro from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $127.00 price target (up previously from $109.00) on shares of Hasbro in a research report on Wednesday, July 24th. Finally, KeyCorp increased their price target on Hasbro from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Hasbro currently has an average rating of “Buy” and an average target price of $122.77.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Hasbro by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,129,588 shares of the company’s stock worth $1,493,216,000 after purchasing an additional 533,737 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hasbro by 13.1% during the 2nd quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock worth $1,009,635,000 after purchasing an additional 1,106,949 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Hasbro by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 3,670,925 shares of the company’s stock worth $312,103,000 after purchasing an additional 100,264 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Hasbro by 3.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,397,826 shares of the company’s stock worth $359,079,000 after purchasing an additional 116,716 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Hasbro by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock worth $141,722,000 after purchasing an additional 109,854 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Shares of NASDAQ:HAS traded up $0.14 during midday trading on Monday, reaching $119.78. The company had a trading volume of 453,854 shares, compared to its average volume of 696,209. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.11 and a current ratio of 2.64. Hasbro has a 1-year low of $76.84 and a 1-year high of $126.87. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The company has a fifty day simple moving average of $114.11 and a two-hundred day simple moving average of $101.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.72 dividend on an annualized basis and a yield of 2.27%. Hasbro’s payout ratio is presently 70.65%.
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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