Jefferies Financial Group Weighs in on Hasbro, Inc.’s Q1 2020 Earnings (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Stock analysts at Jefferies Financial Group reduced their Q1 2020 EPS estimates for Hasbro in a research report issued on Tuesday, February 11th. Jefferies Financial Group analyst S. Wissink now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.16. Jefferies Financial Group also issued estimates for Hasbro’s Q2 2020 earnings at $0.71 EPS, Q3 2020 earnings at $2.03 EPS, Q4 2020 earnings at $1.68 EPS, FY2020 earnings at $4.50 EPS, Q1 2021 earnings at $0.18 EPS, Q2 2021 earnings at $0.84 EPS and Q3 2021 earnings at $2.28 EPS.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, February 11th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.35. Hasbro had a return on equity of 30.40% and a net margin of 5.59%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business earned $1.33 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis.

Other analysts also recently issued research reports about the company. BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. SunTrust Banks dropped their price target on Hasbro from $118.00 to $102.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Co boosted their price target on Hasbro from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. initiated coverage on Hasbro in a research note on Monday, January 27th. They set a “neutral” rating and a $113.00 price target on the stock. Finally, ValuEngine downgraded Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Hasbro presently has an average rating of “Buy” and an average target price of $118.25.

Hasbro stock opened at $97.71 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.93 and a current ratio of 2.33. The business’s 50-day simple moving average is $103.44 and its two-hundred day simple moving average is $107.43. The company has a market cap of $12.74 billion, a PE ratio of 47.43, a PEG ratio of 1.76 and a beta of 1.06. Hasbro has a fifty-two week low of $82.87 and a fifty-two week high of $126.87.

Institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. lifted its position in shares of Hasbro by 10.5% during the 4th quarter. North Star Investment Management Corp. now owns 1,050 shares of the company’s stock valued at $111,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC lifted its position in shares of Hasbro by 20.5% during the 3rd quarter. Parallel Advisors LLC now owns 623 shares of the company’s stock valued at $74,000 after acquiring an additional 106 shares during the period. Synovus Financial Corp lifted its position in shares of Hasbro by 11.7% during the 4th quarter. Synovus Financial Corp now owns 1,057 shares of the company’s stock valued at $114,000 after acquiring an additional 111 shares during the period. Motco lifted its position in shares of Hasbro by 0.3% during the 3rd quarter. Motco now owns 43,459 shares of the company’s stock valued at $5,158,000 after acquiring an additional 112 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of Hasbro by 39.9% during the 4th quarter. IFP Advisors Inc now owns 410 shares of the company’s stock valued at $44,000 after acquiring an additional 117 shares during the period. Institutional investors own 85.23% of the company’s stock.

In other Hasbro news, EVP Stephen J. Davis sold 13,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $105.06, for a total value of $1,365,780.00. Following the sale, the executive vice president now directly owns 52,238 shares in the company, valued at $5,488,124.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.30% of the stock is owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, April 30th. Hasbro’s dividend payout ratio is presently 70.65%.

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.

Further Reading: Dividend Achievers

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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