Hasbro, Inc. (NASDAQ:HAS) to Post Q2 2024 Earnings of $0.70 Per Share, Zacks Research Forecasts

Hasbro, Inc. (NASDAQ:HASFree Report) – Zacks Research reduced their Q2 2024 earnings per share (EPS) estimates for Hasbro in a report released on Tuesday, January 30th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.70 per share for the quarter, down from their previous forecast of $0.81. The consensus estimate for Hasbro’s current full-year earnings is $2.76 per share. Zacks Research also issued estimates for Hasbro’s Q3 2024 earnings at $1.65 EPS and Q2 2025 earnings at $0.89 EPS.

Several other research firms have also issued reports on HAS. Bank of America reiterated a “neutral” rating and issued a $53.00 target price (down previously from $90.00) on shares of Hasbro in a research note on Friday, October 27th. Citigroup began coverage on Hasbro in a research note on Friday, October 20th. They issued a “neutral” rating and a $62.00 target price on the stock. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. The Goldman Sachs Group dropped their price target on Hasbro from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Finally, Roth Mkm restated a “buy” rating and set a $80.00 price target on shares of Hasbro in a research note on Friday, October 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hasbro has a consensus rating of “Hold” and an average price target of $67.67.

View Our Latest Report on HAS

Hasbro Price Performance

HAS stock opened at $50.68 on Wednesday. The business has a 50-day moving average price of $48.96 and a 200 day moving average price of $56.59. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.57. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.30 and a current ratio of 1.60.

Institutional Investors Weigh In On Hasbro

A number of institutional investors and hedge funds have recently modified their holdings of HAS. Carolinas Wealth Consulting LLC lifted its holdings in Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 117 shares during the period. Kinneret Advisory LLC lifted its holdings in Hasbro by 2.3% in the first quarter. Kinneret Advisory LLC now owns 6,656 shares of the company’s stock valued at $545,000 after acquiring an additional 149 shares during the period. Yousif Capital Management LLC lifted its holdings in Hasbro by 0.7% in the first quarter. Yousif Capital Management LLC now owns 20,502 shares of the company’s stock valued at $1,680,000 after acquiring an additional 150 shares during the period. Continuum Advisory LLC lifted its holdings in Hasbro by 0.6% in the first quarter. Continuum Advisory LLC now owns 26,303 shares of the company’s stock valued at $61,000 after acquiring an additional 155 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Hasbro by 2.6% in the third quarter. Baird Financial Group Inc. now owns 7,024 shares of the company’s stock valued at $473,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date is Wednesday, January 31st. Hasbro’s dividend payout ratio (DPR) is -69.83%.

Hasbro Company Profile

(Get Free Report)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.

Further Reading

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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