Hasbro (HAS) Set to Announce Quarterly Earnings on Tuesday

Hasbro (NASDAQ:HAS) will be posting its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Hasbro to post earnings of ($0.06) per share for the quarter.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.53 billion. Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 EPS. On average, analysts expect Hasbro to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of HAS opened at $88.78 on Monday. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.93 and a beta of 0.90. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $109.60. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.68 per share. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 annualized dividend and a dividend yield of 3.06%. Hasbro’s payout ratio is presently 65.45%.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Hasbro from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Hasbro from a “strong sell” rating to a “hold” rating in a report on Saturday, April 13th. Wells Fargo & Co reduced their target price on shares of Hasbro from $90.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, March 21st. Citigroup reduced their target price on shares of Hasbro from $106.00 to $103.00 and set a “buy” rating on the stock in a report on Monday, March 11th. Finally, BMO Capital Markets upgraded shares of Hasbro from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $75.00 to $88.00 in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $103.43.

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About Hasbro

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.

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Earnings History for Hasbro (NASDAQ:HAS)

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