Analysts Offer Predictions for Hasbro, Inc.’s FY2024 Earnings (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Stock analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for Hasbro in a research note issued on Thursday, April 25th. Roth Capital analyst E. Handler now expects that the company will earn $3.54 per share for the year, up from their prior forecast of $3.18. The consensus estimate for Hasbro’s current full-year earnings is $3.39 per share. Roth Capital also issued estimates for Hasbro’s FY2025 earnings at $4.10 EPS.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.27 by $0.34. The company had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business’s revenue for the quarter was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share.

HAS has been the topic of several other research reports. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. increased their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. DA Davidson reissued a “neutral” rating and issued a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. Jefferies Financial Group increased their target price on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Hasbro currently has an average rating of “Hold” and an average target price of $65.73.

Hasbro Price Performance

Hasbro stock opened at $64.47 on Friday. The business’s 50-day simple moving average is $54.43 and its 200 day simple moving average is $51.12. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of -6.36, a P/E/G ratio of 1.09 and a beta of 0.74. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 2.88.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.34%. Hasbro’s dividend payout ratio is -27.61%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Studio Investment Management LLC acquired a new position in Hasbro in the 3rd quarter valued at $26,000. Lindbrook Capital LLC increased its stake in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after buying an additional 167 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after buying an additional 408 shares during the period. ING Groep NV acquired a new stake in Hasbro during the third quarter worth approximately $29,000. Finally, Optiver Holding B.V. bought a new position in Hasbro in the fourth quarter worth approximately $36,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.