Hasbro (NASDAQ:HAS) Issues Earnings Results, Beats Estimates By $1.04 EPS

Hasbro (NASDAQ:HAS) released its earnings results on Tuesday. The company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $1.86 by $1.04, FiscalAI reports. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 earnings per share.

Here are the key takeaways from Hasbro’s conference call:

• Hasbro raised its full-year outlook after a strong third quarter, with revenue up 15%, adjusted operating profit up 52% to $541 million, and adjusted EPS up 73% to $2.90. The company now expects constant-currency revenue growth of 7%–9% and adjusted EBITDA of $1.575 billion–$1.625 billion.
• Wizards of the Coast remained the primary growth engine, with revenue up 31% and Magic: The Gathering revenue up 34% to a record $616 million. Management cited strong demand for The Hobbit and Reality Fracture, expanding distribution, record player engagement, and accelerating backlist sales.
• Consumer Products revenue rose 4% and adjusted operating profit doubled to $178 million, lifting the segment margin to 21.5%. Management said productivity, lower distribution costs, favorable mix, and entertainment-led brands supported the improvement, while inventory was down 10% year over year ahead of the holidays.
• Fourth-quarter Wizards revenue is expected to decline modestly because approximately $40 million of Magic sales shifted into the third quarter and some product moved into early 2027, although management characterized this as timing rather than weaker demand. Wizards’ 2027 margins are also expected to fall into the high-30% range because of video-game amortization and less operating leverage.
• Strong cash generation is expanding shareholder-return capacity, with operating cash flow up 85% year to date and the annual share-repurchase target increased from $200 million to $400 million. Management also expects lower digital-game investment after 2026, creating additional flexibility for reinvestment, debt reduction, or buybacks.

Hasbro Trading Up 4.1%

NASDAQ HAS opened at $114.00 on Thursday. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.45. Hasbro has a twelve month low of $69.50 and a twelve month high of $114.05. The company has a quick ratio of 1.46, a current ratio of 1.40 and a debt-to-equity ratio of 2.79. The business’s fifty day moving average is $93.05 and its 200 day moving average is $90.20.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.5%. Hasbro’s dividend payout ratio (DPR) is 50.36%.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro reported third-quarter adjusted EPS of $2.90, well above the $1.86 analyst consensus and up from $1.68 a year earlier. Revenue rose 15% to approximately $1.60 billion, also exceeding expectations. Hasbro Q3 Earnings Beat Estimates
• Positive Sentiment: Magic: The Gathering revenue exceeded $600 million—reported at roughly $616 million—and grew 34%. The performance highlights the strength and profitability of Hasbro’s Wizards of the Coast games business, which is increasingly driving company results. Magic Sales Top $600 Million
• Positive Sentiment: Management raised its 2026 constant-currency revenue-growth outlook to 7%-9%, from 5%-7%, while also improving margin and EBITDA expectations. Hasbro doubled its stock-repurchase target, adding support for per-share earnings and investor sentiment. Hasbro Raises Outlook and Buyback Target
• Positive Sentiment: Analysts responded favorably: Citigroup raised its price target to $137 with a Buy rating, while BNP Paribas Exane lifted its target to $127 and reaffirmed Outperform.
• Neutral Sentiment: Updated full-year revenue guidance of $5.0 billion-$5.1 billion is broadly consistent with, but slightly below the $5.1 billion consensus midpoint, creating a modest valuation and execution consideration.
• Neutral Sentiment: Trading cards are now described as the largest toy-and-games category, and Magic reportedly contributes about 90% of Hasbro’s profits. This supports near-term momentum but increases reliance on one franchise and category.
• Negative Sentiment: Reported recent insider activity showed selling by several executives and no purchases, a potential cautionary signal, although these transactions may reflect routine diversification rather than a change in business outlook.

Insider Buying and Selling

In other Hasbro news, insider Holly Barbacovi sold 5,057 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the sale, the insider owned 37,486 shares in the company, valued at approximately $3,531,181.20. The trade was a 11.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elizabeth Hamren sold 1,975 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $92.84, for a total value of $183,359.00. Following the transaction, the director owned 9,896 shares of the company’s stock, valued at $918,744.64. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,472 shares of company stock valued at $4,736,533 over the last three months. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HAS shares. JPMorgan Chase & Co. decreased their price target on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. UBS Group set a $125.00 price objective on Hasbro in a research report on Wednesday. DA Davidson reduced their price objective on Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 22nd. Bank of America reduced their price objective on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Finally, BNP Paribas Exane reiterated an “outperform” rating and issued a $127.00 target price (up from $116.00) on shares of Hasbro in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Hasbro Company Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.