Hasbro (NASDAQ:HAS) Announces Earnings Results, Beats Expectations By $0.45 EPS

Hasbro (NASDAQ:HAS) announced its earnings results on Thursday. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45, RTT News reports. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm earned $1.64 EPS. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year.

Hasbro Price Performance

Hasbro stock opened at $66.42 on Monday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro has a 52 week low of $42.66 and a 52 week high of $73.46. The stock has a market capitalization of $9.26 billion, a P/E ratio of -8.90, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. The stock has a fifty day moving average of $69.84 and a 200-day moving average of $63.70.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. Hasbro’s dividend payout ratio (DPR) is currently -37.53%.

Analyst Ratings Changes

Several research analysts have weighed in on HAS shares. JPMorgan Chase & Co. boosted their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday. Stifel Nicolaus lifted their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Bank of America lifted their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.80.

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.