Zacks: Analysts Expect Hasbro, Inc. (NASDAQ:HAS) Will Announce Earnings of $2.18 Per Share
Wall Street brokerages expect Hasbro, Inc. (NASDAQ:HAS) to announce earnings per share of $2.18 for the current quarter, according to Zacks. Six analysts have made estimates for Hasbro’s earnings. The highest EPS estimate is $2.34 and the lowest is $2.08. Hasbro reported earnings per share of $1.93 during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The business is expected to issue its next quarterly earnings results on Monday, October 28th.
On average, analysts expect that Hasbro will report full-year earnings of $4.76 per share for the current financial year, with EPS estimates ranging from $4.61 to $5.01. For the next year, analysts expect that the business will report earnings of $5.37 per share, with EPS estimates ranging from $4.88 to $5.80. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Hasbro.
Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.27. The business had revenue of $984.54 million for the quarter, compared to analysts’ expectations of $958.91 million. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS.
Several hedge funds have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Hasbro by 3.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,002 shares of the company’s stock valued at $3,593,000 after buying an additional 1,291 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Hasbro by 13.1% during the second quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock valued at $1,009,635,000 after buying an additional 1,106,949 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Hasbro by 35.0% during the second quarter. Vestmark Advisory Solutions Inc. now owns 3,518 shares of the company’s stock valued at $372,000 after buying an additional 913 shares in the last quarter. Barings LLC purchased a new position in shares of Hasbro during the second quarter valued at $684,000. Finally, Maverick Capital Ltd. grew its holdings in shares of Hasbro by 13.7% during the second quarter. Maverick Capital Ltd. now owns 75,130 shares of the company’s stock valued at $7,940,000 after buying an additional 9,050 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Shares of NASDAQ HAS traded up $2.15 during mid-day trading on Friday, reaching $119.64. The company had a trading volume of 829,717 shares, compared to its average volume of 1,124,093. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99. The stock has a market cap of $14.95 billion, a PE ratio of 31.08, a P/E/G ratio of 2.24 and a beta of 1.06. The company has a 50-day moving average price of $114.14 and a two-hundred day moving average price of $101.27. Hasbro has a 1-year low of $76.84 and a 1-year high of $126.87.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.68 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.27%. Hasbro’s dividend payout ratio is 70.65%.
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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