Hasbro, Inc. to Post Q1 2018 Earnings of $0.31 Per Share, Jefferies Group Forecasts (HAS)

Hasbro, Inc. (NASDAQ:HAS) – Analysts at Jefferies Group dropped their Q1 2018 earnings per share estimates for shares of Hasbro in a research note issued to investors on Wednesday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings of $0.31 per share for the quarter, down from their previous estimate of $0.42. Jefferies Group also issued estimates for Hasbro’s Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $2.45 EPS, Q4 2018 earnings at $1.96 EPS, FY2018 earnings at $5.34 EPS, Q3 2019 earnings at $2.74 EPS and FY2019 earnings at $5.87 EPS.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.48. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 earnings per share.

Several other research analysts also recently commented on the company. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. DA Davidson reiterated a “buy” rating and issued a $124.00 price objective (up previously from $121.00) on shares of Hasbro in a report on Tuesday, October 24th. B. Riley assumed coverage on Hasbro in a report on Thursday, December 21st. They set a “buy” rating and a $108.00 price target on the stock. Finally, BMO Capital Markets restated a “hold” rating and set a $83.00 price target on shares of Hasbro in a report on Monday, November 27th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $109.87.

Hasbro (HAS) opened at $97.73 on Friday. The company has a market capitalization of $12,732.07, a PE ratio of 31.32, a PEG ratio of 1.67 and a beta of 0.86. The company has a quick ratio of 2.11, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. Hasbro has a twelve month low of $87.92 and a twelve month high of $116.20.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 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 2.58%. The ex-dividend date of this dividend is Monday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s payout ratio is currently 73.08%.

A number of large investors have recently made changes to their positions in HAS. Benjamin F. Edwards & Company Inc. increased its holdings in Hasbro by 7,100.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after purchasing an additional 1,065 shares during the period. SeaCrest Wealth Management LLC bought a new stake in Hasbro during the 4th quarter valued at approximately $131,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hasbro during the 4th quarter valued at approximately $136,000. Highstreet Asset Management Inc. boosted its position in Hasbro by 105.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after acquiring an additional 812 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in Hasbro during the 2nd quarter valued at approximately $229,000. Institutional investors own 79.32% of the company’s stock.

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About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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