Hasbro Inc. (NASDAQ:HAS) issued its earnings results on Monday. The company reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.29. The business earned $1.68 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share.
Shares of Hasbro (NASDAQ:HAS) opened at 81.45 on Wednesday. The firm has a market cap of $10.21 billion, a PE ratio of 21.34 and a beta of 1.00. The stock’s 50 day moving average is $79.71 and its 200 day moving average is $82.67. Hasbro has a 12 month low of $64.91 and a 12 month high of $88.53.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.51 per share. The ex-dividend date is Friday, October 28th. This represents a $2.04 annualized dividend and a dividend yield of 2.50%. Hasbro’s dividend payout ratio is presently 53.40%.
Institutional investors have recently made changes to their positions in the stock. Conning Inc. raised its position in shares of Hasbro by 0.4% in the second quarter. Conning Inc. now owns 2,670 shares of the company’s stock worth $224,000 after buying an additional 10 shares during the last quarter. WFG Advisors LP raised its position in shares of Hasbro by 0.4% in the second quarter. WFG Advisors LP now owns 2,543 shares of the company’s stock worth $214,000 after buying an additional 11 shares during the last quarter. IFC Holdings Incorporated FL raised its position in shares of Hasbro by 0.4% in the second quarter. IFC Holdings Incorporated FL now owns 2,783 shares of the company’s stock worth $231,000 after buying an additional 12 shares during the last quarter. Albert D Mason Inc. raised its position in shares of Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock worth $241,000 after buying an additional 20 shares during the last quarter. Finally, Pitcairn Co. raised its position in shares of Hasbro by 1.1% in the second quarter. Pitcairn Co. now owns 3,373 shares of the company’s stock worth $283,000 after buying an additional 37 shares during the last quarter. 76.78% of the stock is currently owned by institutional investors.
HAS has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Barclays PLC dropped their price objective on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Jefferies Group reissued a “hold” rating and issued a $82.00 price objective on shares of Hasbro in a report on Thursday, October 13th. Vetr raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $88.94 price objective for the company in a report on Monday, June 27th. Finally, MKM Partners reissued a “neutral” rating and issued a $84.00 price objective on shares of Hasbro in a report on Friday, October 14th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Hasbro presently has an average rating of “Hold” and a consensus price target of $86.90.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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