Analysts expect that Hasbro, Inc. (NASDAQ:HAS) will announce sales of $854.41 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Hasbro’s earnings. The lowest sales estimate is $743.70 million and the highest is $915.07 million. Hasbro reported sales of $972.51 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.1%. The firm is expected to report its next quarterly earnings results on Monday, July 23rd.
According to Zacks, analysts expect that Hasbro will report full year sales of $4.94 billion for the current year, with estimates ranging from $4.76 billion to $5.10 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.27 billion per share, with estimates ranging from $5.05 billion to $5.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Hasbro.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, April 23rd. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.21). The business had revenue of $716.30 million during the quarter, compared to the consensus estimate of $816.00 million. Hasbro had a return on equity of 35.43% and a net margin of 4.25%. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS.
A number of equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. BMO Capital Markets lowered their target price on shares of Hasbro from $100.00 to $96.00 and set a “market perform” rating on the stock in a report on Thursday, March 8th. They noted that the move was a valuation call. Jefferies Financial Group set a $110.00 target price on shares of Hasbro and gave the stock a “buy” rating in a report on Thursday, March 15th. SunTrust Banks restated a “hold” rating and set a $90.00 target price on shares of Hasbro in a report on Thursday, April 12th. Finally, Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $102.07.
Several large investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. grew its stake in shares of Hasbro by 27.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 5,257 shares of the company’s stock valued at $478,000 after acquiring an additional 1,127 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Hasbro by 4.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock valued at $996,000 after acquiring an additional 500 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Hasbro in the fourth quarter valued at about $306,000. State of Wisconsin Investment Board grew its stake in shares of Hasbro by 3.6% in the fourth quarter. State of Wisconsin Investment Board now owns 113,727 shares of the company’s stock valued at $10,337,000 after acquiring an additional 3,961 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its stake in shares of Hasbro by 31.7% in the fourth quarter. Pinebridge Investments L.P. now owns 16,074 shares of the company’s stock valued at $1,461,000 after acquiring an additional 3,869 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Shares of Hasbro opened at $91.68 on Friday, according to MarketBeat. The firm has a market cap of $11.41 billion, a P/E ratio of 16.79, a PEG ratio of 1.62 and a beta of 0.86. Hasbro has a 1-year low of $79.00 and a 1-year high of $116.20. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.94 and a current ratio of 3.54.
Hasbro declared that its board has approved a stock buyback plan on Thursday, May 17th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st will be issued a $0.63 dividend. The ex-dividend date is Tuesday, July 31st. This represents a $2.52 annualized dividend and a dividend yield of 2.75%. Hasbro’s dividend payout ratio is currently 46.15%.
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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