$1.72 Billion in Sales Expected for Hasbro, Inc. (NASDAQ:HAS) This Quarter

Wall Street brokerages expect that Hasbro, Inc. (NASDAQ:HAS) will announce $1.72 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Hasbro’s earnings, with the highest sales estimate coming in at $1.78 billion and the lowest estimate coming in at $1.66 billion. Hasbro posted sales of $1.57 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next earnings report on Monday, October 28th.

On average, analysts expect that Hasbro will report full year sales of $4.99 billion for the current financial year, with estimates ranging from $4.78 billion to $5.07 billion. For the next fiscal year, analysts expect that the firm will report sales of $5.22 billion, with estimates ranging from $4.97 billion to $5.36 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Hasbro.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 23rd. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.51 by $0.27. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The company had revenue of $984.54 million during the quarter, compared to analysts’ expectations of $958.91 million. During the same period last year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis.

Several research firms recently commented on HAS. TheStreet upgraded shares of Hasbro from a “c+” rating to a “b-” rating in a report on Friday, May 10th. Citigroup raised their price objective on shares of Hasbro from $103.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. KeyCorp raised their price objective on shares of Hasbro from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Stifel Nicolaus raised their price objective on shares of Hasbro from $95.00 to $99.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Finally, SunTrust Banks raised their price objective on shares of Hasbro to $118.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Hasbro presently has a consensus rating of “Buy” and an average price target of $122.17.

A number of hedge funds have recently made changes to their positions in HAS. Vanguard Group Inc. boosted its stake in Hasbro by 3.9% during the second quarter. Vanguard Group Inc. now owns 14,129,588 shares of the company’s stock worth $1,493,216,000 after buying an additional 533,737 shares in the last quarter. BlackRock Inc. boosted its stake in Hasbro by 13.1% during the second quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock worth $1,009,635,000 after buying an additional 1,106,949 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Hasbro by 2.8% during the first quarter. Principal Financial Group Inc. now owns 3,670,925 shares of the company’s stock worth $312,103,000 after buying an additional 100,264 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Hasbro by 3.6% during the second quarter. Janus Henderson Group PLC now owns 3,397,826 shares of the company’s stock worth $359,079,000 after buying an additional 116,716 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Hasbro by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock worth $141,722,000 after buying an additional 109,854 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of HAS stock traded down $10.22 during trading on Friday, hitting $104.13. 2,045,263 shares of the company were exchanged, compared to its average volume of 1,154,802. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.11 and a current ratio of 2.64. The firm has a market capitalization of $14.44 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 2.28 and a beta of 1.04. The business’s 50-day simple moving average is $113.56 and its 200 day simple moving average is $99.11. Hasbro has a twelve month low of $76.84 and a twelve month high of $126.87.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, October 31st. Hasbro’s dividend payout ratio (DPR) is currently 70.65%.

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 and Estimates for Hasbro (NASDAQ:HAS)

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