Hasbro, Inc. (NASDAQ:HAS) Plans Quarterly Dividend of $0.70

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Thursday, February 6th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be given a dividend of 0.70 per share on Wednesday, March 12th. This represents a $2.80 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Monday, March 3rd.

Hasbro has raised its dividend by an average of 1.0% annually over the last three years. Hasbro has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Hasbro to earn $4.98 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 56.2%.

Hasbro Stock Down 1.4 %

NASDAQ:HAS opened at $65.11 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro has a 1-year low of $49.21 and a 1-year high of $73.46. The company has a 50-day moving average of $59.26 and a 200 day moving average of $64.31. The firm has a market cap of $9.08 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, research analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

HAS has been the topic of several recent research reports. DA Davidson upped their price objective on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

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.