$0.68 Earnings Per Share Expected for Hasbro, Inc. (NASDAQ:HAS) This Quarter

Brokerages predict that Hasbro, Inc. (NASDAQ:HAS – Get Rating) will announce earnings of $0.68 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Hasbro’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.80. Hasbro posted earnings per share of $1.00 in the same quarter last year, which would indicate a negative year-over-year growth rate of 32%. The company is expected to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Hasbro will report full year earnings of $5.06 per share for the current financial year, with EPS estimates ranging from $4.79 to $5.34. For the next financial year, analysts anticipate that the company will report earnings of $5.70 per share, with EPS estimates ranging from $5.45 to $6.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Hasbro.

Hasbro (NASDAQ:HAS – Get Rating) last released its earnings results on Monday, February 7th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.32. Hasbro had a net margin of 6.68% and a return on equity of 24.17%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm earned $1.27 EPS. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Hasbro from $110.00 to $99.00 and set a “neutral” rating on the stock in a report on Tuesday, February 8th. StockNews.com assumed coverage on shares of Hasbro in a research report on Thursday, March 31st. They set a “hold” rating for the company. The Goldman Sachs Group lowered their price objective on shares of Hasbro from $128.00 to $119.00 in a report on Wednesday, January 26th. Finally, DA Davidson decreased their target price on Hasbro from $138.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $109.38.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAS. Tredje AP fonden bought a new stake in shares of Hasbro during the third quarter valued at approximately $2,231,000. Banque Pictet & Cie SA bought a new stake in shares of Hasbro in the 4th quarter worth $1,068,000. MUFG Americas Holdings Corp increased its holdings in shares of Hasbro by 331.9% in the 3rd quarter. MUFG Americas Holdings Corp now owns 881 shares of the company’s stock worth $79,000 after purchasing an additional 677 shares in the last quarter. Avestar Capital LLC raised its stake in shares of Hasbro by 13.3% in the fourth quarter. Avestar Capital LLC now owns 2,760 shares of the company’s stock worth $281,000 after purchasing an additional 325 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management lifted its holdings in shares of Hasbro by 45.9% during the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 10,532 shares of the company’s stock valued at $1,072,000 after purchasing an additional 3,313 shares in the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

HAS stock opened at $85.22 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.29 and a current ratio of 1.52. Hasbro has a 52 week low of $81.16 and a 52 week high of $105.73. The firm’s fifty day moving average is $89.77 and its 200 day moving average is $94.16. The firm has a market cap of $11.84 billion, a P/E ratio of 27.58 and a beta of 0.97.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 2nd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, April 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.29%. This is an increase from Hasbro’s previous quarterly dividend of $0.68. Hasbro’s dividend payout ratio is presently 88.03%.

About Hasbro (Get Rating)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

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