Brokerages Anticipate Hasbro, Inc. (HAS) Will Announce Earnings of $0.36 Per Share

Wall Street analysts forecast that Hasbro, Inc. (NASDAQ:HAS) will post earnings per share of $0.36 for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Hasbro’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.46. Hasbro reported earnings of $0.43 per share during the same quarter last year, which indicates a negative year over year growth rate of 16.3%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Monday, April 23rd.

On average, analysts expect that Hasbro will report full-year earnings of $5.26 per share for the current financial year, with EPS estimates ranging from $4.82 to $5.55. For the next fiscal year, analysts anticipate that the company will report earnings of $5.77 per share, with EPS estimates ranging from $5.52 to $6.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hasbro.

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Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. Hasbro’s revenue was down 1.8% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Wells Fargo reissued a “market perform” rating and set a $100.00 target price (up previously from $95.00) on shares of Hasbro in a report on Thursday, February 8th. B. Riley boosted their target price on shares of Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Jefferies Group set a $110.00 target price on shares of Hasbro and gave the company a “buy” rating in a report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $106.64.

HAS stock traded up $0.48 during midday trading on Tuesday, reaching $84.30. 1,084,264 shares of the company’s stock traded hands, compared to its average volume of 1,444,705. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56. Hasbro has a 52 week low of $83.56 and a 52 week high of $116.20. The stock has a market capitalization of $10,468.21, a price-to-earnings ratio of 15.44, a PEG ratio of 1.37 and a beta of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be given a dividend of $0.63 per share. This is a positive change from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Monday, April 30th. Hasbro’s payout ratio is 41.76%.

In related news, President John Frascotti sold 47,024 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.29, for a total value of $4,621,988.96. Following the completion of the transaction, the president now directly owns 85,625 shares in the company, valued at $8,416,081.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 8,884 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $97.51, for a total transaction of $866,278.84. The disclosure for this sale can be found here. Insiders have sold a total of 394,435 shares of company stock valued at $38,337,975 over the last 90 days. Company insiders own 11.00% of the company’s stock.

A number of large investors have recently made changes to their positions in HAS. Victory Capital Management Inc. grew its position in Hasbro by 160.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after acquiring an additional 1,145,999 shares in the last quarter. Schroder Investment Management Group lifted its stake in Hasbro by 1,065.5% in the fourth quarter. Schroder Investment Management Group now owns 1,060,823 shares of the company’s stock worth $96,418,000 after purchasing an additional 969,806 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Hasbro by 517.6% in the fourth quarter. Renaissance Technologies LLC now owns 752,805 shares of the company’s stock worth $68,422,000 after purchasing an additional 630,905 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Hasbro by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after purchasing an additional 426,136 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Hasbro in the fourth quarter worth $31,915,000. Institutional investors own 80.82% of the company’s stock.

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About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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