Hasbro, Inc. (NASDAQ:HAS) to Issue $0.70 Quarterly Dividend

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Thursday, October 17th,Zacks Dividends reports. Investors of record on Wednesday, November 20th will be given a dividend of 0.70 per share on Wednesday, December 4th. This represents a $2.80 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Wednesday, November 20th.

Hasbro has increased its dividend payment by an average of 1.0% annually over the last three years. Hasbro has a dividend payout ratio of 63.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hasbro to earn $4.49 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 62.4%.

Hasbro Stock Down 0.8 %

Shares of HAS opened at $61.69 on Tuesday. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of -13.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The business’s 50 day simple moving average is $68.89 and its 200-day simple moving average is $64.32. Hasbro has a 1 year low of $43.74 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. As a group, equities analysts expect that Hasbro will post 3.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. DA Davidson upped their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Bank of America upped their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group upped their price objective on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley upped their price objective on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.67.

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.