Analysts Expect Hasbro (HAS) Will Post Earnings of $0.33 Per Share

Equities research analysts expect Hasbro (NASDAQ:HAS) to announce $0.33 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Hasbro’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.22. Hasbro posted earnings of $0.43 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.3%. The company is expected to announce its next quarterly earnings results before the market opens on Monday, April 23rd.

According to Zacks, analysts expect that Hasbro will report full year earnings of $5.20 per share for the current fiscal year, with EPS estimates ranging from $4.83 to $5.55. For the next financial year, analysts expect that the company will post earnings of $5.71 per share, with EPS estimates ranging from $5.45 to $6.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Hasbro.

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Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the 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 analysts’ expectations of $1.72 billion. During the same period last year, the firm earned $1.64 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis.



Several brokerages have recently issued reports on HAS. SunTrust Banks reiterated a “hold” rating and set a $90.00 price target on shares of Hasbro in a research report on Thursday, April 12th. TheStreet lowered Hasbro from a “b-” rating to a “c+” rating in a research note on Friday, April 6th. MKM Partners reduced their price objective on Hasbro to $96.00 and set a “neutral” rating for the company in a research note on Friday, April 6th. Stifel Nicolaus reduced their price objective on Hasbro from $98.00 to $93.00 and set a “hold” rating for the company in a research note on Wednesday, April 4th. Finally, UBS reduced their price objective on Hasbro from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, March 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $105.07.

Shares of HAS stock traded down $1.18 during mid-day trading on Friday, hitting $82.81. 2,772,963 shares of the stock traded hands, compared to its average volume of 1,635,053. Hasbro has a twelve month low of $82.45 and a twelve month high of $116.20. The stock has a market cap of $10,690.59, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.56 and a current ratio of 2.90.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Monday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio (DPR) is 41.76%.

In other news, EVP Wiebe Tinga sold 3,955 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $97.19, for a total value of $384,386.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Deborah Thomas sold 6,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.33, for a total value of $577,980.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,435 shares of company stock valued at $38,337,975. 9.90% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in shares of Hasbro in the fourth quarter worth $528,000. AXA boosted its position in Hasbro by 13.9% during the fourth quarter. AXA now owns 47,904 shares of the company’s stock valued at $4,354,000 after purchasing an additional 5,858 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hasbro by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 440,170 shares of the company’s stock valued at $42,989,000 after purchasing an additional 3,564 shares during the last quarter. LGT Capital Partners LTD. boosted its position in Hasbro by 11.7% during the fourth quarter. LGT Capital Partners LTD. now owns 70,700 shares of the company’s stock valued at $6,426,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Piedmont Investment Advisors LLC boosted its position in Hasbro by 11.2% during the third quarter. Piedmont Investment Advisors LLC now owns 60,816 shares of the company’s stock valued at $5,940,000 after purchasing an additional 6,123 shares during the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

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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 and Estimates for Hasbro (NASDAQ:HAS)

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