Jefferies Financial Group Weighs in on Hasbro, Inc.’s FY2019 Earnings (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Equities researchers at Jefferies Financial Group dropped their FY2019 earnings estimates for shares of Hasbro in a note issued to investors on Wednesday, April 3rd, according to Zacks Investment Research. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings per share of $4.60 for the year, down from their previous estimate of $4.61. Jefferies Financial Group also issued estimates for Hasbro’s Q1 2020 earnings at $0.06 EPS.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, April 23rd. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.29. The firm had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS.

A number of other research analysts also recently commented on HAS. Zacks Investment Research raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. MKM Partners lowered their price objective on shares of Hasbro to $102.00 and set a “buy” rating on the stock in a research report on Friday, January 18th. ValuEngine raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, Monness Crespi & Hardt raised shares of Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Monday, February 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Hasbro has an average rating of “Buy” and a consensus price target of $104.73.

Shares of NASDAQ HAS traded up $1.11 during mid-day trading on Thursday, reaching $102.59. The company had a trading volume of 1,138,979 shares, compared to its average volume of 1,302,387. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.77 and a quick ratio of 2.07. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. Hasbro has a 52-week low of $76.84 and a 52-week high of $109.60.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Tuesday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio (DPR) is 65.45%.

Several hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in shares of Hasbro by 31.6% in the 3rd quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock worth $1,468,109,000 after acquiring an additional 3,356,518 shares during the period. Vanguard Group Inc lifted its stake in shares of Hasbro by 2.9% in the third quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock valued at $1,384,826,000 after purchasing an additional 368,897 shares during the period. BlackRock Inc. lifted its stake in shares of Hasbro by 4.5% in the fourth quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock valued at $677,935,000 after purchasing an additional 356,569 shares during the period. Ronna Sue Cohen lifted its stake in shares of Hasbro by 8,221.2% in the first quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock valued at $3,609,000 after purchasing an additional 3,565,801 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Hasbro by 6.4% in the fourth quarter. Principal Financial Group Inc. now owns 3,570,661 shares of the company’s stock valued at $290,117,000 after purchasing an additional 213,975 shares during the period. Institutional investors own 89.65% of the company’s stock.

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.

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