Hasbro Inc. (HAS) Set to Announce Earnings on Monday
Hasbro Inc. (NASDAQ:HAS) is scheduled to release its Q316 earnings data on Monday, October 17th. Analysts expect Hasbro to post earnings of $1.74 per share and revenue of $1.56 billion for the quarter.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 18th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The company had revenue of $878.90 million for the quarter, compared to analyst estimates of $858.97 million. During the same period in the prior year, the firm posted $0.33 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, analysts expect Hasbro to post $4.04 EPS for the current fiscal year and $4.52 EPS for the next fiscal year.
Hasbro Inc. (NASDAQ:HAS) opened at 77.64 on Thursday. The firm has a 50-day moving average price of $79.96 and a 200 day moving average price of $82.64. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 20.35 and a beta of 1.00. Hasbro Inc. has a 12 month low of $64.91 and a 12 month high of $88.53.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, October 28th. Hasbro’s payout ratio is currently 53.40%.
A number of equities research analysts have recently issued reports on the company. Vetr cut Hasbro from a “buy” rating to a “hold” rating and set a $88.94 price objective for the company. in a report on Monday, June 20th. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Piper Jaffray Cos. upgraded Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price target for the company in a research note on Tuesday, July 19th. They noted that the move was a valuation call. MKM Partners reiterated a “hold” rating and issued a $84.00 price target on shares of Hasbro in a research note on Tuesday, July 12th. Finally, Barclays PLC cut their price target on Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and an average price target of $86.90.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fiera Capital Corp bought a new position in shares of Hasbro during the second quarter valued at about $2,689,000. National Asset Management Inc. bought a new position in shares of Hasbro during the second quarter valued at about $203,000. Highbridge Capital Management LLC bought a new position in shares of Hasbro during the second quarter valued at about $793,000. Cubist Systematic Strategies LLC increased its position in shares of Hasbro by 231.9% in the second quarter. Cubist Systematic Strategies LLC now owns 28,780 shares of the company’s stock valued at $2,417,000 after buying an additional 20,108 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of Hasbro during the second quarter valued at about $261,000. Institutional investors own 76.79% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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