Hasbro (NASDAQ:HAS) Posts Earnings Results, Misses Estimates By $0.26 EPS

Hasbro (NASDAQ:HASGet Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26), Briefing.com reports. Hasbro had a positive return on equity of 18.55% and a negative net margin of 10.33%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm posted $1.31 EPS. The company’s revenue for the quarter was down 23.2% on a year-over-year basis.

Hasbro Stock Up 1.4 %

NASDAQ:HAS opened at $51.29 on Tuesday. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.57. The company has a 50-day moving average of $49.70 and a 200 day moving average of $55.62. The firm has a market cap of $7.12 billion, a PE ratio of -12.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.72. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.60 and a quick ratio of 1.30.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.46%. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HAS shares. Bank of America restated a “neutral” rating and issued a $53.00 price target (down previously from $90.00) on shares of Hasbro in a research report on Friday, October 27th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. The Goldman Sachs Group dropped their price objective on shares of Hasbro from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Citigroup initiated coverage on shares of Hasbro in a research note on Friday, October 20th. They set a “neutral” rating and a $62.00 price objective for the company. Finally, Morgan Stanley dropped their price objective on shares of Hasbro from $84.00 to $78.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.67.

Read Our Latest Stock Analysis on Hasbro

Hedge Funds Weigh In On Hasbro

Large investors have recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC raised its holdings in Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Worth Asset Management LLC bought a new position in Hasbro in the first quarter worth about $27,000. Power Corp of Canada bought a new position in Hasbro in the first quarter worth about $29,000. UniSuper Management Pty Ltd acquired a new position in shares of Hasbro during the second quarter valued at about $58,000. Finally, Continuum Advisory LLC increased its holdings in shares of Hasbro by 0.6% during 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 in the last quarter. 82.84% of the stock is currently owned by institutional investors.

About Hasbro

(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.

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Earnings History for Hasbro (NASDAQ:HAS)

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