FY2024 EPS Estimates for Hasbro, Inc. Increased by Roth Capital (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS - Free Report) - Equities research analysts at Roth Capital lifted their FY2024 earnings estimates for shares of Hasbro in a research report issued to clients and investors on Thursday, April 25th. Roth Capital analyst E. Handler now forecasts that the company will earn $3.54 per share for the year, up from their previous forecast of $3.18. The consensus estimate for Hasbro's current full-year earnings is $3.26 per share. Roth Capital also issued estimates for Hasbro's FY2025 earnings at $4.10 EPS.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million during the quarter, compared to analysts' expectations of $739.84 million. During the same quarter in the prior year, the company earned $0.01 EPS. Hasbro's revenue was down 24.3% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. Monness Crespi & Hardt increased their price target on shares of Hasbro from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America increased their price target on shares of Hasbro from $60.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday. Roth Mkm increased their price objective on shares of Hasbro from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. Finally, StockNews.com upgraded shares of Hasbro from a "sell" rating to a "hold" rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $65.73.

Hasbro Price Performance

NASDAQ HAS traded down $0.50 during trading hours on Friday, hitting $64.47. 1,881,817 shares of the company's stock traded hands, compared to its average volume of 1,783,488. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57. The company has a market capitalization of $8.95 billion, a PE ratio of -6.43, a PEG ratio of 1.13 and a beta of 0.74. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.97. The firm's 50-day moving average is $54.16 and its 200-day moving average is $51.14.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aigen Investment Management LP purchased a new stake in shares of Hasbro in the third quarter valued at about $1,250,000. Janney Montgomery Scott LLC boosted its holdings in shares of Hasbro by 6.5% in the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company's stock valued at $3,133,000 after acquiring an additional 2,875 shares in the last quarter. Albion Financial Group UT boosted its holdings in shares of Hasbro by 105.7% in the third quarter. Albion Financial Group UT now owns 58,743 shares of the company's stock valued at $3,885,000 after acquiring an additional 30,192 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Hasbro by 125.3% in the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company's stock valued at $1,839,000 after purchasing an additional 15,466 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Hasbro by 2,610.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company's stock valued at $2,871,000 after purchasing an additional 41,812 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro's payout ratio is currently -27.61%.

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.