Hasbro (NASDAQ:HAS) Announces Quarterly Earnings Results

Hasbro (NASDAQ:HAS) posted its earnings results on Wednesday. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.34, RTT News reports. The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share.

Hasbro Stock Performance

Shares of HAS opened at $58.14 on Wednesday. The firm has a 50-day moving average of $53.64 and a 200-day moving average of $50.95. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a market cap of $8.07 billion, a PE ratio of -5.42, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group increased their target price on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Bank of America raised their price objective on shares of Hasbro from $51.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Roth Mkm raised their price objective on shares of Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.80.

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.