Hasbro, Inc. Expected to Earn FY2018 Earnings of $5.40 Per Share (HAS)
Hasbro, Inc. (NASDAQ:HAS) – KeyCorp raised their FY2018 earnings estimates for shares of Hasbro in a research note issued on Wednesday. KeyCorp analyst B. Andress now expects that the company will post earnings of $5.40 per share for the year, up from their previous forecast of $5.35. KeyCorp currently has a “Overweight” rating and a $110.00 target price on the stock.
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, topping analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm 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 firm earned $1.64 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year.
Hasbro (NASDAQ:HAS) traded down $1.07 during mid-day trading on Monday, reaching $95.56. 1,987,900 shares of the company were exchanged, compared to its average volume of 1,897,608. The firm has a market cap of $12,035.81, a PE ratio of 30.63, a PEG ratio of 1.54 and a beta of 0.86. 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 one year low of $87.92 and a one year high of $116.20.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. lifted its stake in Hasbro by 3.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 27,514 shares of the company’s stock valued at $2,501,000 after acquiring an additional 845 shares during the period. MANA Advisors LLC acquired a new stake in Hasbro during the 4th quarter valued at approximately $423,000. Renaissance Technologies LLC lifted its stake in Hasbro by 517.6% during the 4th quarter. Renaissance Technologies LLC now owns 752,805 shares of the company’s stock valued at $68,422,000 after acquiring an additional 630,905 shares during the period. Pitcairn Co. lifted its stake in Hasbro by 48.1% during the 4th quarter. Pitcairn Co. now owns 3,096 shares of the company’s stock valued at $281,000 after acquiring an additional 1,005 shares during the period. Finally, MML Investors Services LLC lifted its stake in Hasbro by 7.2% during the 4th quarter. MML Investors Services LLC now owns 8,496 shares of the company’s stock valued at $772,000 after acquiring an additional 571 shares during the period. Institutional investors and hedge funds own 79.86% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.64%. This is a boost from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, April 30th. Hasbro’s payout ratio is presently 73.08%.
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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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