Hasbro (NASDAQ:HAS) Issues Earnings Results

Hasbro (NASDAQ:HAS) announced its quarterly earnings results on Thursday. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44, Briefing.com reports. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down 17.7% on a year-over-year basis.

Hasbro Stock Up 3.8 %

Shares of HAS stock traded up $2.33 on Friday, reaching $63.85. 2,088,409 shares of the company’s stock traded hands, compared to its average volume of 1,678,242. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.93 and a current ratio of 1.46. The company has a market capitalization of $8.89 billion, a P/E ratio of -6.30, a price-to-earnings-growth ratio of 0.65 and a beta of 0.62. The business’s 50 day moving average price is $59.50 and its two-hundred day moving average price is $55.97.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.39%. Hasbro’s dividend payout ratio is -27.61%.

Insider Activity

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total value of $783,380.00. Following the transaction, the executive vice president now owns 53,003 shares in the company, valued at $3,193,960.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on HAS shares. Roth Mkm boosted their price target on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Monness Crespi & Hardt boosted their price objective on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised Hasbro from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $61.00 to $74.00 in a research note on Thursday, May 23rd. Bank of America raised Hasbro from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $80.00 in a research note on Friday, June 14th. Finally, Jefferies Financial Group boosted their price objective on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.08.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.