Hasbro, Inc. (NASDAQ:HAS) – Research analysts at Jefferies Group dropped their Q1 2018 earnings estimates for shares of Hasbro in a report issued on Wednesday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings per share of $0.31 for the quarter, down from their prior forecast of $0.42. Jefferies Group also issued estimates for Hasbro’s Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $2.45 EPS, Q4 2018 earnings at $1.96 EPS, FY2018 earnings at $5.34 EPS, Q3 2019 earnings at $2.74 EPS and FY2019 earnings at $5.87 EPS.

A number of other research firms also recently commented on HAS. BidaskClub upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a report on Thursday. B. Riley increased their price objective on shares of Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp set a $110.00 price objective on shares of Hasbro and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Co reiterated a “market perform” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Hasbro in a report on Thursday. Finally, BMO Capital Markets increased their price objective on shares of Hasbro from $83.00 to $100.00 and gave the company a “market perform” rating in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Hasbro presently has a consensus rating of “Hold” and a consensus price target of $109.87.

Shares of Hasbro (NASDAQ:HAS) opened at $97.73 on Friday. The company has a market cap of $12,330.00, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86. The company has a quick ratio of 2.11, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. Hasbro has a 1-year low of $87.92 and a 1-year high of $116.20.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.48. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. Hasbro’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio (DPR) is currently 72.84%.

Institutional investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its holdings in Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after purchasing an additional 1,065 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Hasbro in the 4th quarter valued at approximately $131,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Hasbro in the 4th quarter valued at approximately $136,000. Highstreet Asset Management Inc. increased its holdings in Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after purchasing an additional 812 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in Hasbro in the 2nd quarter valued at approximately $229,000. Hedge funds and other institutional investors own 79.32% of the company’s stock.

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Hasbro Company Profile

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.

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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