Hasbro (NASDAQ:HAS) Releases Earnings Results, Beats Estimates By $0.10 EPS

Hasbro (NASDAQ:HAS) issued its earnings results on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10, Zacks reports. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%.

Hasbro Price Performance

Shares of HAS stock traded up $6.81 on Thursday, reaching $67.95. The company had a trading volume of 1,950,729 shares, compared to its average volume of 1,344,447. The stock has a market capitalization of $9.48 billion, a PE ratio of -14.62, a price-to-earnings-growth ratio of 0.53 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro has a one year low of $48.63 and a one year high of $73.46. The business’s 50-day moving average is $58.21 and its 200 day moving average is $64.13.

Analysts Set New Price Targets

A number of brokerages have commented on HAS. Morgan Stanley increased their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

Insider Activity at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is owned by company insiders.

Hasbro Company Profile

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.