Hasbro, Inc. (NASDAQ:HAS) – Analysts at SunTrust Banks lifted their Q3 2018 earnings per share estimates for Hasbro in a report released on Thursday, Zacks Investment Research reports. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings per share of $2.53 for the quarter, up from their prior estimate of $2.46.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a return on equity of 61.70% and a net margin of 18.24%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business posted $1.64 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year.
Shares of Hasbro (NASDAQ HAS) opened at $89.35 on Monday. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. Hasbro has a fifty-two week low of $87.92 and a fifty-two week high of $116.20. The firm has a market capitalization of $11,190.00, a P/E ratio of 16.22, a PEG ratio of 1.46 and a beta of 0.82.
A number of hedge funds and other institutional investors have recently made changes to their positions in HAS. Victory Capital Management Inc. boosted its position in shares of Hasbro by 160.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after purchasing an additional 1,145,999 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Hasbro by 1,065.5% in the 4th quarter. Schroder Investment Management Group now owns 1,060,823 shares of the company’s stock worth $96,418,000 after purchasing an additional 969,806 shares in the last quarter. Boston Partners boosted its position in shares of Hasbro by 111.8% in the 3rd quarter. Boston Partners now owns 1,259,062 shares of the company’s stock worth $122,973,000 after purchasing an additional 664,474 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Hasbro by 517.6% in the 4th quarter. Renaissance Technologies LLC now owns 752,805 shares of the company’s stock worth $68,422,000 after purchasing an additional 630,905 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Hasbro by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after purchasing an additional 426,136 shares in the last quarter. 80.66% of the stock is currently owned by institutional investors and hedge funds.
In other Hasbro news, President John Frascotti sold 47,024 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.29, for a total transaction of $4,621,988.96. Following the sale, the president now owns 85,625 shares of the company’s stock, valued at approximately $8,416,081.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Deborah Thomas sold 6,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $96.33, for a total value of $577,980.00. The disclosure for this sale can be found here. Insiders have sold a total of 394,435 shares of company stock worth $38,337,975 over the last 90 days. 11.00% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. This is an increase from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a yield of 2.82%. The ex-dividend date is Monday, April 30th. Hasbro’s dividend payout ratio (DPR) is presently 41.38%.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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