DA Davidson Forecasts Hasbro's FY2025 Earnings (NASDAQ:HAS)

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Hasbro from $4.17 to $4.79, maintaining a "Neutral" rating with a target price of $80.00.
• Hasbro's most recent quarterly earnings revealed an EPS of $1.30, surpassing estimates by $0.52, despite a year-over-year revenue decline of 1.5%.
• The company announced a quarterly dividend of $0.70 per share, representing an annualized dividend of $2.80 and a yield of 3.73%.

Hasbro, Inc. (NASDAQ:HAS - Free Report) - Equities research analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Hasbro in a report released on Thursday, July 24th. DA Davidson analyst K. Cox now expects that the company will post earnings of $4.79 per share for the year, up from their previous forecast of $4.17. DA Davidson currently has a "Neutral" rating and a $80.00 target price on the stock. The consensus estimate for Hasbro's current full-year earnings is $4.33 per share. DA Davidson also issued estimates for Hasbro's FY2026 earnings at $4.91 EPS.

HAS has been the topic of several other research reports. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Citigroup upped their target price on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday. Roth Capital upped their target price on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America upped their target price on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $86.27.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $74.98 on Monday. The business's 50 day simple moving average is $71.42 and its 200-day simple moving average is $63.78. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of -18.47, a price-to-earnings-growth ratio of 1.00 and a beta of 0.59. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. Hasbro has a 12 month low of $49.00 and a 12 month high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 EPS.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.73%. Hasbro's payout ratio is -68.97%.

Institutional Trading of Hasbro

Institutional investors and hedge funds have recently made changes to their positions in the company. NorthRock Partners LLC acquired a new stake in Hasbro in the 2nd quarter valued at $216,000. Atria Wealth Solutions Inc. grew its stake in shares of Hasbro by 26.3% during the second quarter. Atria Wealth Solutions Inc. now owns 6,007 shares of the company's stock valued at $443,000 after acquiring an additional 1,249 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Hasbro by 31.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,914 shares of the company's stock valued at $732,000 after acquiring an additional 2,353 shares in the last quarter. GW Henssler & Associates Ltd. grew its stake in shares of Hasbro by 3.8% during the second quarter. GW Henssler & Associates Ltd. now owns 273,103 shares of the company's stock valued at $20,160,000 after acquiring an additional 9,905 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Hasbro by 118.7% during the second quarter. CWM LLC now owns 45,258 shares of the company's stock valued at $3,341,000 after acquiring an additional 24,566 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.

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