Hasbro Inc. (HAS) Set to Announce Earnings on Monday
Hasbro Inc. (NASDAQ:HAS) is set to release its Q316 earnings data on Monday, October 17th. Analysts expect Hasbro to post earnings of $1.74 per share and revenue of $1.56 billion for the quarter.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The firm had revenue of $878.90 million for the quarter, compared to analysts’ expectations of $858.97 million. During the same period in the previous year, the business earned $0.33 earnings per share. Hasbro’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts expect Hasbro to post $4.04 EPS for the current fiscal year and $4.52 EPS for the next fiscal year.
Shares of Hasbro Inc. (NASDAQ:HAS) opened at 76.62 on Friday. Hasbro Inc. has a 12 month low of $64.91 and a 12 month high of $88.53. The firm has a 50-day moving average of $79.83 and a 200 day moving average of $82.60. The company has a market capitalization of $9.61 billion, a PE ratio of 20.08 and a beta of 1.00.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is 53.40%.
A number of institutional investors have recently added to or reduced their stakes in HAS. BlackRock Institutional Trust Company N.A. raised its position in Hasbro by 25.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,031,634 shares of the company’s stock valued at $338,617,000 after buying an additional 808,094 shares during the last quarter. FMR LLC raised its position in Hasbro by 19.8% in the second quarter. FMR LLC now owns 2,317,469 shares of the company’s stock valued at $194,644,000 after buying an additional 382,740 shares during the last quarter. BlackRock Fund Advisors raised its position in Hasbro by 4.3% in the second quarter. BlackRock Fund Advisors now owns 1,834,194 shares of the company’s stock valued at $154,054,000 after buying an additional 75,410 shares during the last quarter. BlackRock Group LTD raised its position in Hasbro by 29.5% in the second quarter. BlackRock Group LTD now owns 1,116,468 shares of the company’s stock valued at $93,773,000 after buying an additional 254,470 shares during the last quarter. Finally, BlackRock Inc. raised its position in Hasbro by 153.1% in the second quarter. BlackRock Inc. now owns 587,012 shares of the company’s stock valued at $49,303,000 after buying an additional 355,119 shares during the last quarter. 76.79% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on HAS shares. Vetr upgraded Hasbro from a “hold” rating to a “buy” rating and set a $88.94 target price on the stock in a report on Monday, June 27th. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, September 19th. Barclays PLC decreased their target price on Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 19th. Jefferies Group increased their target price on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Wednesday, July 13th. Finally, MKM Partners restated a “hold” rating and set a $84.00 target price on shares of Hasbro in a report on Tuesday, July 12th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $86.90.
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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