KeyCorp Weighs in on Hasbro, Inc.’s Q1 2023 Earnings (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HASGet Rating) – Investment analysts at KeyCorp upped their Q1 2023 earnings per share estimates for shares of Hasbro in a research note issued on Tuesday, April 19th. KeyCorp analyst B. Andress now anticipates that the company will post earnings per share of $0.85 for the quarter, up from their previous estimate of $0.78. KeyCorp has a “Overweight” rating and a $105.00 price objective on the stock. KeyCorp also issued estimates for Hasbro’s Q2 2023 earnings at $1.30 EPS, Q3 2023 earnings at $2.21 EPS, Q4 2023 earnings at $1.19 EPS and FY2023 earnings at $5.55 EPS.

HAS has been the subject of a number of other research reports. The Goldman Sachs Group decreased their price target on Hasbro from $128.00 to $119.00 in a report on Wednesday, January 26th. TheStreet cut Hasbro from a “b” rating to a “c+” rating in a research note on Tuesday. StockNews.com began coverage on Hasbro in a research note on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their price objective on Hasbro from $110.00 to $99.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 8th. Finally, DA Davidson increased their target price on Hasbro from $121.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday. 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, Hasbro has a consensus rating of “Buy” and an average price target of $109.00.

NASDAQ HAS opened at $88.69 on Thursday. The stock has a market cap of $12.32 billion, a PE ratio of 28.70 and a beta of 0.97. Hasbro has a fifty-two week low of $81.16 and a fifty-two week high of $105.73. The business has a 50 day moving average price of $89.31 and a two-hundred day moving average price of $94.04. The company has a quick ratio of 1.29, a current ratio of 1.52 and a debt-to-equity ratio of 1.25.

Hasbro (NASDAQ:HASGet Rating) last posted its quarterly earnings data on Tuesday, April 19th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.11). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Hasbro had a net margin of 6.68% and a return on equity of 24.17%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS.

Hedge funds have recently added to or reduced their stakes in the stock. Cardinal Capital Management lifted its position in shares of Hasbro by 4.3% in the 1st quarter. Cardinal Capital Management now owns 59,461 shares of the company’s stock valued at $4,871,000 after acquiring an additional 2,468 shares in the last quarter. Bank of New Hampshire lifted its position in shares of Hasbro by 1.8% in the 1st quarter. Bank of New Hampshire now owns 7,679 shares of the company’s stock valued at $629,000 after acquiring an additional 134 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Hasbro by 27.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 775 shares of the company’s stock valued at $63,000 after acquiring an additional 166 shares in the last quarter. Xponance Inc. increased its stake in Hasbro by 72.6% in the 1st quarter. Xponance Inc. now owns 16,119 shares of the company’s stock valued at $1,320,000 after buying an additional 6,778 shares during the period. Finally, JGP Wealth Management LLC increased its stake in Hasbro by 18.6% in the 1st quarter. JGP Wealth Management LLC now owns 17,098 shares of the company’s stock valued at $1,442,000 after buying an additional 2,682 shares during the period. 81.18% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be paid a $0.70 dividend. This is a positive change from Hasbro’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, April 29th. Hasbro’s dividend payout ratio is currently 88.03%.

Hasbro Company Profile (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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Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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