Hasbro (NASDAQ:HAS) Issues Quarterly Earnings Results

Hasbro (NASDAQ:HAS) announced its quarterly earnings results on Tuesday. The company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $1.04, FiscalAI reports. Hasbro had a return on equity of 141.11% and a net margin of 15.97%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis.

Here are the key takeaways from Hasbro’s conference call:

• Hasbro raised its full-year outlook after a strong third quarter, with revenue up 15%, adjusted operating profit up 52% to $541 million, and adjusted EPS up 73% to $2.90. The company now expects constant-currency revenue growth of 7%–9% and adjusted EBITDA of $1.575 billion–$1.625 billion.
• Wizards of the Coast remained the primary growth engine, with revenue up 31% and Magic: The Gathering revenue up 34% to a record $616 million. Management cited strong demand for The Hobbit and Reality Fracture, expanding distribution, record player engagement, and accelerating backlist sales.
• Consumer Products revenue rose 4% and adjusted operating profit doubled to $178 million, lifting the segment margin to 21.5%. Management said productivity, lower distribution costs, favorable mix, and entertainment-led brands supported the improvement, while inventory was down 10% year over year ahead of the holidays.
• Fourth-quarter Wizards revenue is expected to decline modestly because approximately $40 million of Magic sales shifted into the third quarter and some product moved into early 2027, although management characterized this as timing rather than weaker demand. Wizards’ 2027 margins are also expected to fall into the high-30% range because of video-game amortization and less operating leverage.
• Strong cash generation is expanding shareholder-return capacity, with operating cash flow up 85% year to date and the annual share-repurchase target increased from $200 million to $400 million. Management also expects lower digital-game investment after 2026, creating additional flexibility for reinvestment, debt reduction, or buybacks.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $109.52 on Wednesday. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.70 and a beta of 0.45. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro has a 12 month low of $69.50 and a 12 month high of $109.81. The stock’s 50 day moving average price is $92.67 and its 200 day moving average price is $90.03.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.80 annualized dividend and a yield of 2.6%. Hasbro’s payout ratio is presently 50.36%.

Insider Activity at Hasbro

In other news, insider Timothy J. Kilpin sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider owned 54,229 shares in the company, valued at $5,049,804.48. This represents a 26.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $93.71, for a total value of $298,560.06. Following the transaction, the insider directly owned 67,557 shares of the company’s stock, valued at $6,330,766.47. This represents a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 50,472 shares of company stock worth $4,736,533 in the last quarter. Company insiders own 0.71% of the company’s stock.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro reported third-quarter adjusted EPS of $2.90, well above the $1.86 analyst consensus, while revenue rose 15% year over year to approximately $1.60 billion, exceeding estimates of $1.48 billion. Hasbro earnings results
• Positive Sentiment: Magic: The Gathering revenue surged 34% to $616.1 million, surpassing $600 million for the first time. Wizards of the Coast and Digital Gaming revenue increased 31% to $747.2 million, highlighting the company’s higher-growth businesses. Hasbro Magic: The Gathering sales
• Positive Sentiment: Management raised its 2026 constant-currency revenue-growth forecast to 7%–9%, from 5%–7%, and improved its margin and EBITDA expectations. Hasbro also doubled its stock-buyback target, providing an additional potential source of shareholder returns. Hasbro outlook and buyback
• Positive Sentiment: Hasbro declared a quarterly dividend of $0.70 per share, equal to $2.80 annually and a reported yield of about 2.6%, supporting the stock’s income appeal.
• Neutral Sentiment: Consumer Products revenue grew 4%, and Entertainment revenue rose 9%, indicating that the strongest momentum remains concentrated in Magic and digital gaming rather than across every business line.
• Negative Sentiment: Recent disclosures cited insider selling, with several executives selling shares and no reported insider purchases in the period reviewed. Unusually heavy put-option activity before earnings also signals that some traders were positioned defensively, although neither necessarily reflects the company’s operating outlook.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HAS. BNP Paribas Exane reissued an “outperform” rating and issued a $127.00 price target (up from $116.00) on shares of Hasbro in a research note on Wednesday. Roth Capital restated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 15th. Finally, DA Davidson decreased their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $111.57.

About Hasbro

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.