$682.87 Million in Sales Expected for Hasbro, Inc. (HAS) This Quarter

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Equities research analysts expect Hasbro, Inc. (NASDAQ:HAS) to announce sales of $682.87 million for the current quarter, according to Zacks. Six analysts have provided estimates for Hasbro’s earnings. The highest sales estimate is $707.59 million and the lowest is $670.70 million. Hasbro posted sales of $716.34 million in the same quarter last year, which suggests a negative year over year growth rate of 4.7%. The business is expected to issue its next quarterly earnings results on Monday, April 22nd.

On average, analysts expect that Hasbro will report full year sales of $4.91 billion for the current financial year, with estimates ranging from $4.78 billion to $5.09 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.14 billion, with estimates ranging from $4.97 billion to $5.29 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Hasbro.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.53 billion. Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.30 EPS.

Several equities analysts have recently issued reports on the company. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. ValuEngine cut shares of Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. KeyCorp set a $110.00 target price on shares of Hasbro and gave the company a “buy” rating in a research note on Wednesday, February 20th. Wells Fargo & Co dropped their price target on shares of Hasbro from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, February 13th. Finally, Zacks Investment Research lowered shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Hasbro currently has an average rating of “Hold” and an average price target of $103.20.

Hedge funds and other institutional investors have recently bought and sold shares of the company. CSat Investment Advisory L.P. increased its holdings in shares of Hasbro by 77.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock valued at $25,000 after purchasing an additional 134 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Hasbro by 7,213.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock valued at $26,000 after acquiring an additional 2,115,671 shares during the last quarter. Bessemer Group Inc. boosted its stake in Hasbro by 46.3% in the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Hasbro by 41.4% in the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after acquiring an additional 123 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Hasbro by 38.2% in the fourth quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock valued at $38,000 after acquiring an additional 128 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Shares of HAS traded down $0.30 during midday trading on Monday, reaching $86.53. 49,109 shares of the company were exchanged, compared to its average volume of 1,339,694. The stock has a market cap of $10.90 billion, a PE ratio of 22.47, a P/E/G ratio of 1.68 and a beta of 0.91. Hasbro has a 1-year low of $76.84 and a 1-year high of $109.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.42 and a quick ratio of 2.07.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.68 per share. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 annualized dividend and a dividend yield of 3.14%. Hasbro’s dividend payout ratio (DPR) is presently 65.45%.

About Hasbro

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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Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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