Wall Street brokerages expect Hasbro, Inc. (NASDAQ:HAS) to announce $1.54 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Hasbro’s earnings, with estimates ranging from $1.49 billion to $1.59 billion. Hasbro posted sales of $1.60 billion during the same quarter last year, which suggests a negative year over year growth rate of 3.8%. The business is expected to announce its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that Hasbro will report full year sales of $4.73 billion for the current fiscal year, with estimates ranging from $4.69 billion to $4.78 billion. For the next year, analysts anticipate that the business will report sales of $5.12 billion, with estimates ranging from $4.97 billion to $5.35 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Hasbro.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.30). Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business earned $2.09 EPS. The business’s revenue was down 12.4% on a year-over-year basis.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. BidaskClub downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a report on Friday, October 5th. KeyCorp lifted their target price on shares of Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. MKM Partners reduced their target price on shares of Hasbro to $110.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. Finally, SunTrust Banks lifted their target price on shares of Hasbro to $108.00 and gave the stock a “hold” rating in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Hasbro presently has an average rating of “Hold” and a consensus price target of $105.33.

In other Hasbro news, SVP Tarrant L. Sibley sold 1,525 shares of Hasbro stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total value of $152,500.00. Following the completion of the sale, the senior vice president now owns 21,262 shares in the company, valued at approximately $2,126,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dolph Johnson sold 22,842 shares of Hasbro stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $101.39, for a total transaction of $2,315,950.38. Following the completion of the sale, the executive vice president now owns 31,843 shares of the company’s stock, valued at approximately $3,228,561.77. The disclosure for this sale can be found here. Insiders have sold a total of 81,971 shares of company stock valued at $8,296,408 in the last ninety days. 9.90% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC raised its stake in Hasbro by 87.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,283 shares of the company’s stock worth $118,000 after purchasing an additional 600 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Hasbro in the 2nd quarter worth about $136,000. Bbva Compass Bancshares Inc. acquired a new stake in Hasbro in the 3rd quarter worth about $179,000. Captrust Financial Advisors raised its stake in Hasbro by 54.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the company’s stock worth $184,000 after purchasing an additional 619 shares in the last quarter. Finally, Cape ANN Savings Bank acquired a new stake in Hasbro in the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 79.23% of the company’s stock.

Shares of HAS opened at $97.56 on Friday. Hasbro has a one year low of $79.00 and a one year high of $109.60. The stock has a market capitalization of $12.09 billion, a PE ratio of 19.87, a PEG ratio of 1.93 and a beta of 0.96. The company has a quick ratio of 1.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.90.

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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