Hasbro (NASDAQ:HAS) Releases Quarterly Earnings Results, Misses Expectations By $0.38 EPS

Hasbro (NASDAQ:HAS) announced its earnings results on Tuesday. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.38), Bloomberg Earnings reports. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 EPS.

Shares of Hasbro stock opened at $100.02 on Wednesday. Hasbro has a twelve month low of $76.84 and a twelve month high of $126.87. The company has a quick ratio of 2.11, a current ratio of 2.64 and a debt-to-equity ratio of 0.99. The company has a 50-day simple moving average of $117.60 and a two-hundred day simple moving average of $107.82. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.35 and a beta of 1.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, October 31st. Hasbro’s dividend payout ratio (DPR) is 70.65%.

HAS has been the subject of several research analyst reports. Wells Fargo & Co lifted their target price on shares of Hasbro from $95.00 to $111.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Argus raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, July 26th. Jefferies Financial Group set a $130.00 target price on shares of Hasbro and gave the stock a “buy” rating in a report on Tuesday, September 10th. BMO Capital Markets lifted their target price on shares of Hasbro from $93.00 to $105.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, DA Davidson reaffirmed a “buy” rating on shares of Hasbro in a report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $123.21.

Hasbro Company Profile

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.

Featured Article: Accumulation/Distribution

Earnings History for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.