Hasbro, Inc. (NASDAQ:HAS) – Equities researchers at SunTrust Banks increased their Q1 2018 earnings per share estimates for Hasbro in a research report issued on Wednesday. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings of $0.47 per share for the quarter, up from their prior estimate of $0.46. SunTrust Banks also issued estimates for Hasbro’s Q3 2018 earnings at $2.46 EPS, FY2018 earnings at $5.50 EPS and FY2019 earnings at $5.86 EPS.
Several other analysts have also recently weighed in on HAS. Stifel Nicolaus dropped their price target on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, October 16th. Wells Fargo & Co reissued a “market perform” rating and issued a $95.00 price target (down previously from $100.00) on shares of Hasbro in a research note on Tuesday, October 24th. Barclays raised shares of Hasbro from an “equal weight” rating to an “overweight” rating and set a $110.00 price target for the company in a research note on Tuesday, October 24th. DA Davidson reissued a “buy” rating and issued a $124.00 price target (up previously from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. Finally, KeyCorp reissued a “buy” rating and issued a $105.00 price target on shares of Hasbro in a research note on Tuesday, October 24th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.87.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. Hasbro’s quarterly revenue was down 1.8% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Monday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio (DPR) is currently 72.84%.
Hedge funds have recently modified their holdings of the business. Fox Run Management L.L.C. acquired a new stake in shares of Hasbro in the 4th quarter valued at $528,000. JPMorgan Chase & Co. raised its holdings in shares of Hasbro by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 308,707 shares of the company’s stock valued at $29,946,000 after purchasing an additional 17,493 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Hasbro by 9.3% in the 3rd quarter. New York State Common Retirement Fund now owns 278,980 shares of the company’s stock valued at $27,248,000 after purchasing an additional 23,820 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hasbro by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 440,170 shares of the company’s stock valued at $42,989,000 after purchasing an additional 3,564 shares in the last quarter. Finally, LGT Capital Partners LTD. raised its holdings in shares of Hasbro by 11.7% in the 4th quarter. LGT Capital Partners LTD. now owns 70,700 shares of the company’s stock valued at $6,426,000 after purchasing an additional 7,400 shares in the last quarter. 79.32% of the stock is owned by institutional investors.
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Hasbro Company Profile
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.
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