Analysts forecast that Hasbro, Inc. (NASDAQ:HAS) will post sales of $839.94 million for the current quarter, Zacks reports. Six analysts have provided estimates for Hasbro’s earnings, with the highest sales estimate coming in at $853.16 million and the lowest estimate coming in at $832.60 million. Hasbro reported sales of $849.66 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.1%. The firm is expected to report its next quarterly earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Hasbro will report full year sales of $839.94 million for the current year, with estimates ranging from $5.24 billion to $5.57 billion. For the next financial year, analysts forecast that the firm will post sales of $5.63 billion per share, with estimates ranging from $5.57 billion to $5.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hasbro.
Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.48. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company posted $1.64 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year.
Shares of Hasbro (NASDAQ HAS) traded up $0.16 during mid-day trading on Friday, hitting $97.47. The stock had a trading volume of 1,289,900 shares, compared to its average volume of 1,855,394. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $12,230.00, a price-to-earnings ratio of 17.82, a PEG ratio of 1.55 and a beta of 0.86. Hasbro has a fifty-two week low of $87.92 and a fifty-two week high of $116.20.
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 dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a yield of 2.59%. This is an increase from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio is currently 41.38%.
Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in shares of Hasbro by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock valued at $296,977,000 after acquiring an additional 426,136 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Hasbro by 6.3% in the third quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock valued at $226,136,000 after acquiring an additional 137,568 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Hasbro by 4.6% in the third quarter. Janus Henderson Group PLC now owns 2,017,259 shares of the company’s stock valued at $197,025,000 after acquiring an additional 89,358 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Hasbro by 160.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock valued at $169,076,000 after acquiring an additional 1,145,999 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Hasbro by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,444,609 shares of the company’s stock valued at $131,078,000 after acquiring an additional 19,821 shares in the last quarter. Institutional investors own 77.90% of the company’s stock.
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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