Hasbro (HAS) Scheduled to Post Quarterly Earnings on Wednesday

Hasbro (NASDAQ:HAS) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was down 23.2% on a year-over-year basis. On average, analysts expect Hasbro to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Hasbro Trading Down 1.0 %

Shares of NASDAQ:HAS opened at $55.03 on Wednesday. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The business’s fifty day simple moving average is $53.12 and its 200-day simple moving average is $51.15. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The company has a market capitalization of $7.64 billion, a PE ratio of -5.13, a P/E/G ratio of 1.48 and a beta of 0.74.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a yield of 5.09%. Hasbro’s payout ratio is presently -26.12%.

Institutional Investors Weigh In On Hasbro

Large investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in Hasbro by 2.4% during the second quarter. State Street Corp now owns 7,054,891 shares of the company’s stock worth $456,945,000 after purchasing an additional 166,294 shares during the last quarter. Morgan Stanley increased its position in Hasbro by 232.3% during the fourth quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock worth $221,763,000 after acquiring an additional 2,541,129 shares during the period. Geode Capital Management LLC increased its position in Hasbro by 2.6% during the first quarter. Geode Capital Management LLC now owns 2,807,983 shares of the company’s stock worth $150,675,000 after acquiring an additional 72,270 shares during the period. Charles Schwab Investment Management Inc. increased its position in Hasbro by 7.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,409,467 shares of the company’s stock worth $197,384,000 after acquiring an additional 166,917 shares during the period. Finally, AQR Capital Management LLC increased its position in Hasbro by 64.7% during the first quarter. AQR Capital Management LLC now owns 1,892,814 shares of the company’s stock worth $99,411,000 after acquiring an additional 743,774 shares during the period. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HAS shares. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. raised their price target on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Roth Mkm raised their price objective on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group lifted their price objective on Hasbro from $58.00 to $61.00 and gave the company a “buy” rating in a report on Friday, March 15th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.90.

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.