Hasbro (NASDAQ:HAS) Announces Quarterly Earnings Results, Beats Expectations By $0.34 EPS

Hasbro (NASDAQ:HAS) issued its earnings results on Wednesday. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.34, RTT News reports. The company had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. Hasbro’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS.

Hasbro Trading Up 11.9 %

HAS opened at $65.03 on Thursday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The business has a 50 day moving average of $53.88 and a 200-day moving average of $51.05. Hasbro has a 52 week low of $42.66 and a 52 week high of $73.57.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is presently -26.12%.

Wall Street Analysts Forecast Growth

HAS has been the subject of several analyst reports. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $52.00 price objective on shares of Hasbro in a report on Tuesday, March 26th. Bank of America increased their price objective on Hasbro from $51.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Finally, Roth Mkm increased their price objective on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of “Hold” and a consensus price target of $62.80.

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.