Analysts forecast that Hasbro, Inc. (NASDAQ:HAS) will announce sales of $1.54 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Hasbro’s earnings, with the highest sales estimate coming in at $1.59 billion and the lowest estimate coming in at $1.49 billion. Hasbro posted sales of $1.60 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.8%. The firm is expected to issue its next earnings report on Wednesday, February 6th.

On average, analysts expect that Hasbro will report full year sales of $4.73 billion for the current financial year, with estimates ranging from $4.69 billion to $4.78 billion. For the next financial year, analysts expect that the firm will report sales of $5.12 billion, with estimates ranging from $4.97 billion to $5.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Hasbro.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 22nd. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.30). The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 EPS.

A number of research analysts recently issued reports on HAS shares. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Barclays dropped their price target on Hasbro from $117.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. MKM Partners dropped their price target on Hasbro to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. BidaskClub upgraded Hasbro from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Finally, KeyCorp raised their price target on Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and a consensus target price of $105.33.

NASDAQ:HAS traded down $2.79 during mid-day trading on Friday, reaching $94.92. 96,013 shares of the stock were exchanged, compared to its average volume of 1,729,087. The company has a market capitalization of $12.36 billion, a PE ratio of 17.42, a P/E/G ratio of 1.97 and a beta of 0.96. The company has a quick ratio of 1.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.90. Hasbro has a 1 year low of $79.00 and a 1 year high of $109.60.

In other Hasbro news, SVP Tarrant L. Sibley sold 1,525 shares of Hasbro stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $100.00, for a total value of $152,500.00. Following the transaction, the senior vice president now directly owns 21,262 shares in the company, valued at approximately $2,126,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Goldner bought 11,000 shares of the stock in a transaction on Monday, October 29th. The stock was bought at an average price of $91.80 per share, for a total transaction of $1,009,800.00. The disclosure for this purchase can be found here. Insiders sold a total of 81,971 shares of company stock worth $8,296,408 over the last quarter. Company insiders own 9.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Hasbro by 75.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 136,759 shares of the company’s stock valued at $12,624,000 after buying an additional 58,710 shares during the period. Dividend Assets Capital LLC acquired a new stake in shares of Hasbro in the 2nd quarter valued at approximately $2,578,000. Campbell Newman Asset Management Inc. raised its holdings in Hasbro by 25.6% during the third quarter. Campbell Newman Asset Management Inc. now owns 177,846 shares of the company’s stock worth $18,695,000 after purchasing an additional 36,262 shares during the last quarter. Burney Co. raised its holdings in Hasbro by 15.1% during the second quarter. Burney Co. now owns 38,805 shares of the company’s stock worth $3,582,000 after purchasing an additional 5,102 shares during the last quarter. Finally, FMR LLC raised its holdings in Hasbro by 50.9% during the second quarter. FMR LLC now owns 71,531 shares of the company’s stock worth $6,603,000 after purchasing an additional 24,135 shares during the last quarter. 82.31% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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