Hasbro, Inc. (NASDAQ:HAS) Expected to Announce Earnings of $1.05 Per Share

Wall Street brokerages expect that Hasbro, Inc. (NASDAQ:HAS) will report earnings per share of $1.05 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Hasbro’s earnings, with estimates ranging from $0.78 to $1.26. Hasbro reported earnings per share of $1.33 in the same quarter last year, which would suggest a negative year over year growth rate of 21.1%. The company is expected to report its next earnings report on Friday, February 14th.

On average, analysts expect that Hasbro will report full-year earnings of $3.88 per share for the current financial year, with EPS estimates ranging from $3.61 to $4.09. For the next year, analysts anticipate that the company will post earnings of $4.79 per share, with EPS estimates ranging from $4.55 to $5.40. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Hasbro.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.38). The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hasbro had a net margin of 5.59% and a return on equity of 30.40%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the business earned $1.93 earnings per share.

Several research analysts have recently issued reports on HAS shares. SunTrust Banks decreased their price objective on shares of Hasbro from $118.00 to $102.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Stifel Nicolaus increased their price objective on shares of Hasbro from $110.00 to $111.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Jefferies Financial Group set a $130.00 price objective on shares of Hasbro and gave the company a “buy” rating in a report on Tuesday, September 10th. Wells Fargo & Co increased their price objective on shares of Hasbro from $95.00 to $111.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, UBS Group increased their price objective on shares of Hasbro from $96.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Six 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 an average target price of $119.21.

A number of large investors have recently modified their holdings of HAS. Doyle Wealth Management bought a new position in Hasbro during the 2nd quarter valued at $27,000. SRS Capital Advisors Inc. bought a new position in Hasbro in the second quarter valued at approximately $30,000. Kempen Capital Management N.V. bought a new position in Hasbro in the second quarter valued at approximately $33,000. Kavar Capital Partners LLC bought a new position in Hasbro in the second quarter valued at approximately $37,000. Finally, Glassman Wealth Services lifted its stake in Hasbro by 2,106.3% in the second quarter. Glassman Wealth Services now owns 353 shares of the company’s stock valued at $37,000 after buying an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 83.15% of the company’s stock.

Shares of Hasbro stock traded down $0.05 on Friday, hitting $95.36. The company had a trading volume of 1,538,800 shares, compared to its average volume of 1,180,531. The business has a 50-day simple moving average of $107.00 and a 200-day simple moving average of $108.43. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.33 and a quick ratio of 1.93. The company has a market cap of $12.04 billion, a PE ratio of 24.77, a PEG ratio of 2.23 and a beta of 1.05. Hasbro has a 52 week low of $76.84 and a 52 week high of $126.87.

About Hasbro

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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Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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