Wall Street brokerages expect Hasbro, Inc. (NASDAQ:HAS) to announce sales of $1.44 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Hasbro’s earnings. The highest sales estimate is $1.47 billion and the lowest is $1.41 billion. Hasbro posted sales of $1.39 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The business is expected to announce its next quarterly earnings report on Friday, February 14th.
According to Zacks, analysts expect that Hasbro will report full year sales of $4.74 billion for the current fiscal year, with estimates ranging from $4.71 billion to $4.77 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.01 billion, with estimates ranging from $4.96 billion to $5.09 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Hasbro.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.38). The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.71 billion. Hasbro had a return on equity of 30.40% and a net margin of 5.59%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $1.93 EPS.
HAS has been the subject of several research reports. Barclays upped their price objective on shares of Hasbro from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. DA Davidson reaffirmed a “buy” rating on shares of Hasbro in a research note on Friday, August 23rd. Wells Fargo & Co upped their price objective on shares of Hasbro from $95.00 to $111.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. UBS Group increased their price target on shares of Hasbro from $96.00 to $117.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus increased their price target on shares of Hasbro from $110.00 to $111.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Hasbro presently has a consensus rating of “Buy” and a consensus target price of $119.21.
Shares of Hasbro stock traded up $0.08 during trading hours on Friday, reaching $95.41. The stock had a trading volume of 1,270,700 shares, compared to its average volume of 2,270,590. Hasbro has a twelve month low of $76.84 and a twelve month high of $126.87. The firm has a market capitalization of $12.04 billion, a PE ratio of 24.78, a PEG ratio of 2.23 and a beta of 1.05. The company has a current ratio of 2.33, a quick ratio of 1.93 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average is $108.39 and its 200 day moving average is $108.54.
Large investors have recently bought and sold shares of the stock. Doyle Wealth Management purchased a new position in shares of Hasbro during the 2nd quarter worth approximately $27,000. SRS Capital Advisors Inc. acquired a new stake in Hasbro during the 2nd quarter worth approximately $30,000. Kempen Capital Management N.V. acquired a new stake in Hasbro during the 2nd quarter worth approximately $33,000. Kavar Capital Partners LLC acquired a new stake in Hasbro during the 2nd quarter worth approximately $37,000. Finally, Glassman Wealth Services lifted its holdings in Hasbro by 2,106.3% during the 2nd quarter. Glassman Wealth Services now owns 353 shares of the company’s stock worth $37,000 after buying an additional 337 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.
Hasbro Company Profile
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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