Hasbro (NASDAQ:HAS) Releases Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Hasbro (NASDAQ:HAS) posted its quarterly earnings results on Wednesday. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34, RTT News reports. The business had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS.

Hasbro Price Performance

Shares of NASDAQ HAS traded down $0.50 during midday trading on Friday, reaching $64.47. The company’s stock had a trading volume of 1,881,818 shares, compared to its average volume of 1,783,190. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.88. The company has a 50 day moving average price of $54.43 and a 200 day moving average price of $51.18. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -6.36, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.34%. Hasbro’s payout ratio is currently -27.61%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HAS. Monness Crespi & Hardt boosted their target price on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group boosted their target price on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Stifel Nicolaus boosted their target price on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Bank of America boosted their price target on shares of Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Roth Mkm boosted their price target on shares of Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.73.

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.