Research Analysts Issue Forecasts for Hasbro, Inc.’s Q3 2018 Earnings (HAS)
Hasbro, Inc. (NASDAQ:HAS) – Equities research analysts at B. Riley decreased their Q3 2018 earnings per share (EPS) estimates for Hasbro in a research report issued to clients and investors on Wednesday, October 17th. B. Riley analyst S. Anderson now forecasts that the company will earn $2.26 per share for the quarter, down from their prior forecast of $2.34. B. Riley currently has a “Buy” rating and a $114.00 target price on the stock. B. Riley also issued estimates for Hasbro’s FY2018 earnings at $4.73 EPS and FY2019 earnings at $5.33 EPS.
Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. BidaskClub downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. SunTrust Banks lifted their price target on shares of Hasbro to $108.00 and gave the company a “hold” rating in a research report on Tuesday, July 24th. KeyCorp lifted their price target on shares of Hasbro from $118.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Stifel Nicolaus lifted their price target on shares of Hasbro from $93.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $107.47.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 23rd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.29 by $0.19. The company had revenue of $904.50 million during the quarter, compared to the consensus estimate of $839.29 million. Hasbro had a net margin of 4.15% and a return on equity of 35.34%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of HAS. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Hasbro during the 2nd quarter worth $136,000. Cerebellum GP LLC bought a new stake in shares of Hasbro during the 2nd quarter worth $165,000. CenterStar Asset Management LLC raised its stake in shares of Hasbro by 98.7% during the 2nd quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock worth $183,000 after purchasing an additional 987 shares during the period. CIBC World Markets Inc. bought a new stake in shares of Hasbro during the 1st quarter worth $206,000. Finally, Osborn Williams & Donohoe LLC bought a new stake in shares of Hasbro during the 3rd quarter worth $207,000. 80.07% of the stock is currently owned by hedge funds and other institutional investors.
In other Hasbro news, SVP Tarrant L. Sibley sold 1,525 shares of Hasbro stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total transaction of $152,500.00. Following the transaction, the senior vice president now directly owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Deborah Thomas sold 19,683 shares of Hasbro stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $100.83, for a total transaction of $1,984,636.89. Following the transaction, the chief financial officer now directly owns 97,083 shares in the company, valued at $9,788,878.89. The disclosure for this sale can be found here. Insiders have sold a total of 106,645 shares of company stock worth $10,796,944 over the last ninety days. Insiders own 9.90% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, October 31st. Hasbro’s dividend payout ratio is 46.15%.
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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