Hasbro, Inc. (NASDAQ:HAS) Expected to Post Quarterly Sales of $1.46 Billion

Analysts predict that Hasbro, Inc. (NASDAQ:HAS) will post $1.46 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Hasbro’s earnings, with estimates ranging from $1.41 billion to $1.48 billion. Hasbro posted sales of $1.39 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The business is scheduled to issue its next earnings results on Friday, February 14th.

On average, analysts expect that Hasbro will report full year sales of $4.75 billion for the current financial year, with estimates ranging from $4.71 billion to $4.77 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.03 billion, with estimates ranging from $4.96 billion to $5.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Hasbro.

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

HAS has been the topic of several recent analyst reports. BMO Capital Markets lowered their target price on shares of Hasbro from $105.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. SunTrust Banks lowered their target price on shares of Hasbro from $118.00 to $102.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. ValuEngine cut shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. DA Davidson reiterated a “buy” rating on shares of Hasbro in a research note on Friday, August 23rd. Finally, Stifel Nicolaus increased their price target on shares of Hasbro from $110.00 to $111.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $119.21.

Institutional investors and hedge funds have recently made changes to their positions in the business. Doyle Wealth Management purchased a new stake in Hasbro during the 2nd quarter valued at $27,000. SRS Capital Advisors Inc. purchased a new stake in shares of Hasbro in the 2nd quarter worth about $30,000. Kempen Capital Management N.V. purchased a new stake in shares of Hasbro in the 2nd quarter worth about $33,000. Kavar Capital Partners LLC purchased a new stake in shares of Hasbro in the 2nd quarter worth about $37,000. Finally, Glassman Wealth Services lifted its position in shares of Hasbro by 2,106.3% in the 2nd quarter. Glassman Wealth Services now owns 353 shares of the company’s stock worth $37,000 after purchasing an additional 337 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Shares of HAS stock traded up $1.16 during trading on Tuesday, reaching $103.92. 1,068,275 shares of the company’s stock traded hands, compared to its average volume of 1,142,294. The company has a market capitalization of $12.97 billion, a P/E ratio of 26.99, a PEG ratio of 2.45 and a beta of 1.05. The company has a current ratio of 2.33, a quick ratio of 1.93 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average is $97.88 and its 200 day moving average is $108.43. Hasbro has a 1 year low of $76.84 and a 1 year high of $126.87.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Saturday, February 1st will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, January 30th. Hasbro’s dividend payout ratio is currently 70.65%.

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.

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Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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