Hasbro (NASDAQ:HAS) – Equities research analysts at KeyCorp decreased their Q2 2018 earnings per share estimates for shares of Hasbro in a research report issued to clients and investors on Monday, April 23rd. KeyCorp analyst B. Andress now forecasts that the company will earn $0.44 per share for the quarter, down from their prior estimate of $0.61. KeyCorp has a “Overweight” rating and a $105.00 price objective on the stock. KeyCorp also issued estimates for Hasbro’s Q3 2018 earnings at $2.43 EPS and Q4 2018 earnings at $1.98 EPS.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, April 23rd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). Hasbro had a net margin of 4.25% and a return on equity of 35.43%. The company had revenue of $716.30 million for the quarter, compared to analysts’ expectations of $816.00 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis.

A number of other equities analysts have also weighed in on the stock. Argus dropped their price target on shares of Hasbro from $128.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “strong sell” rating in a report on Tuesday. DA Davidson lowered their target price on shares of Hasbro to $113.00 and set a “buy” rating on the stock in a report on Tuesday. Monness Crespi & Hardt raised shares of Hasbro from a “neutral” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday. Finally, Jefferies Group set a $105.00 target price on shares of Hasbro and gave the stock a “buy” rating in a report on Monday, April 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Hasbro presently has an average rating of “Hold” and an average target price of $102.07.

Shares of NASDAQ HAS opened at $87.36 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.54 and a quick ratio of 2.56. The company has a market cap of $10,875.67, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.54 and a beta of 0.87. Hasbro has a 12-month low of $79.00 and a 12-month high of $116.20.

Several institutional investors and hedge funds have recently made changes to their positions in the company. New Mexico Educational Retirement Board raised its stake in shares of Hasbro by 4.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock valued at $996,000 after acquiring an additional 500 shares during the period. Raymond James Trust N.A. raised its stake in shares of Hasbro by 11.3% in the fourth quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock valued at $488,000 after acquiring an additional 546 shares during the period. MML Investors Services LLC grew its holdings in shares of Hasbro by 7.2% in the fourth quarter. MML Investors Services LLC now owns 8,496 shares of the company’s stock worth $772,000 after purchasing an additional 571 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of Hasbro by 7.0% in the fourth quarter. Norinchukin Bank The now owns 9,063 shares of the company’s stock worth $824,000 after purchasing an additional 590 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in shares of Hasbro by 18.3% in the fourth quarter. CENTRAL TRUST Co now owns 4,361 shares of the company’s stock worth $397,000 after purchasing an additional 675 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

In other news, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Wiebe Tinga sold 3,955 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $97.19, for a total transaction of $384,386.45. The disclosure for this sale can be found here. In the last three months, insiders sold 394,435 shares of company stock worth $38,337,975. Insiders own 9.90% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a dividend of $0.63 per share. This is an increase from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a yield of 2.88%. Hasbro’s dividend payout ratio is presently 41.76%.

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.

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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