Hasbro (NASDAQ:HAS) is scheduled to post its quarterly earnings results before the market opens on Monday, October 22nd. Analysts expect Hasbro to post earnings of $2.27 per share for the quarter.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.19. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The firm had revenue of $904.50 million for the quarter, compared to analysts’ expectations of $839.29 million. During the same period last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, analysts expect Hasbro to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of NASDAQ:HAS opened at $98.04 on Friday. Hasbro has a 12-month low of $79.00 and a 12-month high of $109.60. The stock has a market cap of $12.81 billion, a PE ratio of 18.15, a P/E/G ratio of 1.83 and a beta of 0.89. The company has a current ratio of 2.69, a quick ratio of 2.11 and a debt-to-equity ratio of 0.96.
In other Hasbro news, CFO Deborah Thomas sold 19,683 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $100.83, for a total value of $1,984,636.89. Following the completion of the sale, the chief financial officer now directly owns 97,083 shares in the company, valued at $9,788,878.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dolph Johnson sold 22,842 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $101.39, for a total transaction of $2,315,950.38. Following the completion of the sale, the executive vice president now owns 31,843 shares of the company’s stock, valued at $3,228,561.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,645 shares of company stock valued at $10,796,944. 9.90% of the stock is currently owned by company insiders.
A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Hasbro from a “strong sell” rating to a “hold” rating in a research note on Monday, June 25th. Barclays raised their price objective on Hasbro from $100.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, July 24th. TheStreet raised Hasbro from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. Citigroup increased their target price on shares of Hasbro from $101.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, BMO Capital Markets increased their target price on shares of Hasbro from $75.00 to $85.00 and gave the stock an “underperform” rating in a report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $107.47.
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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