Q2 2024 EPS Estimates for Hasbro, Inc. (NASDAQ:HAS) Reduced by Roth Capital

Hasbro, Inc. (NASDAQ:HAS) – Analysts at Roth Capital cut their Q2 2024 earnings per share estimates for shares of Hasbro in a note issued to investors on Thursday, April 25th. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $0.61 per share for the quarter, down from their previous estimate of $0.66. The consensus estimate for Hasbro’s current full-year earnings is $3.46 per share. Roth Capital also issued estimates for Hasbro’s Q3 2024 earnings at $1.29 EPS, Q4 2024 earnings at $1.03 EPS, FY2026 earnings at $5.04 EPS and FY2027 earnings at $5.73 EPS.

Several other research analysts have also commented on HAS. Stifel Nicolaus raised their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Monness Crespi & Hardt boosted their price objective on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group increased their target price on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.73.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $64.47 on Monday. The firm has a market capitalization of $8.95 billion, a PE ratio of -6.36, a P/E/G ratio of 1.08 and a beta of 0.74. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.97. The business has a 50-day moving average of $54.43 and a two-hundred day moving average of $51.07.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. Hasbro’s revenue for the quarter was down 24.3% on a year-over-year basis. During the same quarter last year, the business earned $0.01 EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its stake in Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after purchasing an additional 167 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in Hasbro by 5.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock worth $230,000 after acquiring an additional 215 shares during the period. Treasurer of the State of North Carolina boosted its position in Hasbro by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock valued at $3,905,000 after purchasing an additional 220 shares during the period. CWM LLC increased its position in Hasbro by 19.2% in the third quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $92,000 after buying an additional 224 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Hasbro by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock valued at $675,000 after acquiring an additional 246 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is -27.61%.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.