Hasbro, Inc. (HAS) to Issue Quarterly Dividend of $0.70 on June 11th

Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 1st will be given a dividend of 0.70 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st.

Hasbro has increased its dividend by an average of 0.0%per year over the last three years. Hasbro has a dividend payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Hasbro to earn $6.42 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 43.6%.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $86.17 on Friday. The firm has a market cap of $12.19 billion, a PE ratio of -51.91, a PEG ratio of 2.13 and a beta of 0.52. The firm has a fifty day moving average of $92.52 and a 200 day moving average of $89.78. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro has a one year low of $64.85 and a one year high of $106.98.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. As a group, research analysts predict that Hasbro will post 5.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on HAS. Morgan Stanley boosted their price target on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Jefferies Financial Group boosted their price target on shares of Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company lowered their price target on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Monness Crespi & Hardt boosted their price target on shares of Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Wolfe Research boosted their price target on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.64.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.