Hasbro (NASDAQ:HAS) Issues Earnings Results, Beats Estimates By $0.10 EPS

Hasbro (NASDAQ:HAS) issued its earnings results on Thursday. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10, Zacks reports. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%.

Hasbro Stock Performance

Shares of NASDAQ:HAS traded up $7.38 during trading on Thursday, hitting $68.52. 2,306,858 shares of the company traded hands, compared to its average volume of 1,359,281. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of -14.80, a PEG ratio of 0.53 and a beta of 0.64. The business’s fifty day moving average is $58.21 and its 200-day moving average is $64.13. Hasbro has a one year low of $48.63 and a one year high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Analysts Set New Price Targets

A number of brokerages have commented on HAS. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Morgan Stanley lifted their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.11.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Hasbro Company Profile

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.