Hasbro (NASDAQ:HAS) Releases Earnings Results, Beats Estimates By $0.11 EPS

Hasbro (NASDAQ:HAS) posted its quarterly earnings data on Tuesday. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11, Briefing.com reports. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share.

Hasbro Trading Up 0.0%

HAS stock opened at $81.59 on Tuesday. The company’s 50-day simple moving average is $84.73 and its 200 day simple moving average is $90.24. Hasbro has a 52 week low of $69.50 and a 52 week high of $106.98. The company has a market capitalization of $11.54 billion, a PE ratio of -49.15, a price-to-earnings-growth ratio of 2.02 and a beta of 0.49. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s payout ratio is presently -168.67%.

Wall Street Analysts Forecast Growth

HAS has been the subject of several recent research reports. Roth Capital reduced their price target on Hasbro from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th. Morgan Stanley upped their price objective on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Wells Fargo & Company cut their price objective on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. BNP Paribas Exane lowered their target price on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $109.71.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. CYBER HORNET ETFs LLC bought a new position in Hasbro in the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Hasbro in the fourth quarter valued at about $27,000. MUFG Securities EMEA plc bought a new position in Hasbro in the 2nd quarter valued at approximately $28,000. Wexford Capital LP bought a new position in Hasbro in the 3rd quarter valued at approximately $37,000. Finally, NewEdge Advisors LLC boosted its position in Hasbro by 36.7% during the 2nd quarter. NewEdge Advisors LLC now owns 686 shares of the company’s stock worth $51,000 after buying an additional 184 shares during the period. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.