Analysts forecast that Hasbro, Inc. (NASDAQ:HAS) will announce sales of $966.76 million for the current quarter, Zacks reports. Six analysts have provided estimates for Hasbro’s earnings. The highest sales estimate is $994.00 million and the lowest is $941.10 million. Hasbro reported sales of $904.46 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is expected to report its next earnings results on Monday, July 22nd.
On average, analysts expect that Hasbro will report full year sales of $4.96 billion for the current fiscal year, with estimates ranging from $4.78 billion to $5.08 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.19 billion, with estimates ranging from $4.97 billion to $5.36 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Hasbro.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.29. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The company had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. During the same quarter in the prior year, the company earned $0.10 EPS. Hasbro’s quarterly revenue was up 2.3% on a year-over-year basis.
Several equities analysts recently weighed in on HAS shares. TheStreet upgraded shares of Hasbro from a “c+” rating to a “b-” rating in a report on Friday, May 10th. MKM Partners increased their price target on shares of Hasbro from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. DA Davidson increased their price target on shares of Hasbro to $120.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. ValuEngine upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, KeyCorp set a $110.00 price objective on shares of Hasbro and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $106.07.
NASDAQ:HAS traded down $0.06 during midday trading on Monday, hitting $107.46. The company’s stock had a trading volume of 555,788 shares, compared to its average volume of 863,482. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $109.60. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. The company has a market cap of $13.53 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.53%. Hasbro’s payout ratio is 70.65%.
In other news, EVP Stephen J. Davis sold 4,200 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $98.24, for a total transaction of $412,608.00. Following the transaction, the executive vice president now owns 39,238 shares in the company, valued at approximately $3,854,741.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas J. Jr. Courtney sold 3,687 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $105.00, for a total value of $387,135.00. Following the transaction, the executive vice president now owns 20,795 shares in the company, valued at approximately $2,183,475. The disclosure for this sale can be found here. Insiders have sold a total of 350,256 shares of company stock worth $35,900,627 in the last ninety days. Corporate insiders own 9.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in Hasbro by 1.4% in the 4th quarter. California State Teachers Retirement System now owns 195,337 shares of the company’s stock valued at $15,871,000 after purchasing an additional 2,652 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Hasbro by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock valued at $141,722,000 after purchasing an additional 109,854 shares in the last quarter. Duality Advisers LP lifted its holdings in Hasbro by 125.0% in the 1st quarter. Duality Advisers LP now owns 69,980 shares of the company’s stock valued at $5,950,000 after purchasing an additional 38,880 shares in the last quarter. BlackRock Inc. lifted its holdings in Hasbro by 4.5% in the 4th quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock valued at $677,935,000 after purchasing an additional 356,569 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Hasbro by 1,569.2% in the 1st quarter. Quadrant Capital Group LLC now owns 651 shares of the company’s stock valued at $54,000 after purchasing an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 87.45% of the company’s stock.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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