Hasbro (NASDAQ:HAS) Announces Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Hasbro (NASDAQ:HAS) posted its quarterly earnings data on Wednesday. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34, RTT News reports. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. Hasbro’s revenue for the quarter was down 24.3% on a year-over-year basis.

Hasbro Trading Down 0.1 %

HAS opened at $64.97 on Friday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.97 and a current ratio of 1.11. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The firm’s fifty day moving average is $54.16 and its 200 day moving average is $51.14.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Analyst Ratings Changes

Several equities analysts recently commented on HAS shares. TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Monness Crespi & Hardt upped their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Roth Mkm increased their target price on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.73.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.