Hasbro, Inc. (NASDAQ:HAS) – Analysts at DA Davidson upped their Q3 2018 EPS estimates for Hasbro in a research report issued to clients and investors on Thursday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $2.61 for the quarter, up from their prior forecast of $2.29. DA Davidson has a “Buy” rating and a $124.00 price objective on the stock.

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

A number of other analysts also recently issued reports on the company. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. B. Riley initiated coverage on Hasbro in a research report on Thursday, December 21st. They set a “buy” rating and a $108.00 target price on the stock. BMO Capital Markets reissued a “hold” rating and set a $83.00 target price on shares of Hasbro in a research report on Monday, November 27th. Finally, Stifel Nicolaus cut their target price on Hasbro from $104.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $109.87.

Shares of Hasbro (NASDAQ HAS) opened at $97.73 on Monday. 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 12 month low of $87.92 and a 12 month high of $116.20. The stock has a market capitalization of $12,172.86, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be given a dividend of $0.63 per share. The ex-dividend date is Monday, April 30th. This represents a $2.52 annualized dividend and a dividend yield of 2.58%. This is an increase from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s payout ratio is currently 73.08%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. grew its position 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 acquiring an additional 1,065 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Hasbro in the 4th quarter valued at $131,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Hasbro in the 4th quarter valued at $136,000. Highstreet Asset Management Inc. grew its position 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 acquiring an additional 812 shares during the last quarter. Finally, Fiduciary Trust Co. bought a new position in Hasbro in the 4th quarter valued at $243,000. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

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About Hasbro

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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