Equities Analysts Set Expectations for Hasbro, Inc.’s Q2 2024 Earnings (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Hasbro in a research report issued on Monday, April 29th. DA Davidson analyst L. Weiser forecasts that the company will post earnings of $0.75 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $59.00 price target on the stock. The consensus estimate for Hasbro’s current full-year earnings is $3.55 per share.

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

Several other research analysts also recently weighed in on the company. Bank of America upped their price target on Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Roth Mkm upped their price objective on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group upped their price objective on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. 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.com, the stock has an average rating of “Hold” and an average target price of $66.36.

Hasbro Trading Down 1.6 %

HAS stock opened at $60.34 on Tuesday. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of -5.95, a PEG ratio of 1.06 and a beta of 0.74. The business has a 50 day simple moving average of $55.13 and a two-hundred day simple moving average of $51.24.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 annualized dividend and a yield of 4.64%. Hasbro’s payout ratio is presently -27.61%.

Institutional Trading of Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of HAS. Capital Research Global Investors raised its holdings in Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after buying an additional 3,273,563 shares during the period. Bank of New York Mellon Corp grew its position in Hasbro by 76.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after acquiring an additional 1,423,517 shares during the last quarter. Norges Bank bought a new position in Hasbro in the 4th quarter valued at $70,544,000. Ameriprise Financial Inc. grew its position in Hasbro by 176.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after acquiring an additional 836,474 shares during the last quarter. Finally, Cooke & Bieler LP grew its position in Hasbro by 31.6% in the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after acquiring an additional 765,898 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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.