Hasbro Inc. (HAS) Releases Quarterly Earnings Results, Beats Expectations By $0.29 EPS
Hasbro Inc. (NASDAQ:HAS) announced its earnings results on Monday. The company reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.29. The firm earned $1.68 billion during the quarter, compared to analyst estimates of $1.56 billion. Hasbro had a net margin of 10.42% and a return on equity of 29.71%.
Hasbro (NASDAQ:HAS) opened at 76.16 on Monday. Hasbro has a 12-month low of $64.91 and a 12-month high of $88.53. The company has a market capitalization of $9.55 billion, a PE ratio of 19.96 and a beta of 1.00. The firm has a 50-day moving average of $79.70 and a 200 day moving average of $82.58.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 annualized dividend and a yield of 2.68%. Hasbro’s dividend payout ratio is currently 53.40%.
A number of equities analysts recently weighed in on HAS shares. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Barclays PLC reduced their price objective on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 19th. Jefferies Group restated a “hold” rating and set a $82.00 price objective on shares of Hasbro in a research note on Thursday. Vetr upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $88.94 price objective for the company in a research note on Monday, June 27th. Finally, MKM Partners restated a “neutral” rating and set a $84.00 price objective on shares of Hasbro in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $86.90.
A number of large investors have recently bought and sold shares of HAS. Fiera Capital Corp acquired a new position in shares of Hasbro during the second quarter worth about $2,689,000. National Asset Management Inc. acquired a new position in shares of Hasbro during the second quarter worth about $203,000. Highbridge Capital Management LLC acquired a new position in shares of Hasbro during the second quarter worth about $793,000. Cubist Systematic Strategies LLC boosted 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 worth $2,417,000 after buying an additional 20,108 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Hasbro during the second quarter worth about $261,000. 76.78% of the stock is owned by hedge funds and other institutional investors.
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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