DA Davidson Research Analysts Increase Earnings Estimates for Hasbro, Inc. (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS - Free Report) - Equities research analysts at DA Davidson boosted their FY2024 earnings per share (EPS) estimates for Hasbro in a report released on Monday, April 29th. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of $3.79 for the year, up from their previous forecast of $3.30. DA Davidson has a "Neutral" rating and a $59.00 price target on the stock. The consensus estimate for Hasbro's current full-year earnings is $3.55 per share. DA Davidson also issued estimates for Hasbro's FY2025 earnings at $4.20 EPS.

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

A number of other research analysts also recently weighed in on HAS. StockNews.com upgraded Hasbro from a "sell" rating to a "hold" rating in a research note on Wednesday, April 24th. TheStreet downgraded Hasbro from a "c-" rating to a "d+" rating in a research note on Tuesday, February 13th. Bank of America lifted their target price on Hasbro from $60.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, April 25th. Roth Mkm lifted their target price on Hasbro from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Finally, Jefferies Financial Group lifted their target price on Hasbro from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, April 19th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Hasbro has an average rating of "Hold" and an average price target of $66.36.

Hasbro Stock Down 1.6 %

Shares of NASDAQ HAS traded down $0.96 during mid-day trading on Wednesday, reaching $60.34. 1,202,770 shares of the company's stock were exchanged, compared to its average volume of 1,773,182. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of -5.95, a PEG ratio of 1.06 and a beta of 0.74. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88. The business has a fifty day simple moving average of $55.13 and a 200 day simple moving average of $51.24. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57.

Institutional Investors Weigh In On Hasbro

Institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its position in shares of Hasbro by 19.2% during the 3rd quarter. CWM LLC now owns 1,393 shares of the company's stock valued at $92,000 after purchasing an additional 224 shares in the last quarter. Czech National Bank raised its stake in shares of Hasbro by 47.8% in the third quarter. Czech National Bank now owns 22,794 shares of the company's stock worth $1,508,000 after purchasing an additional 7,370 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Hasbro by 7.9% in the third quarter. Commonwealth Equity Services LLC now owns 26,840 shares of the company's stock worth $1,775,000 after purchasing an additional 1,975 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Hasbro by 0.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 86,286 shares of the company's stock valued at $5,707,000 after acquiring an additional 465 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Hasbro by 3.7% during the third quarter. Xponance Inc. now owns 30,746 shares of the company's stock valued at $2,034,000 after acquiring an additional 1,095 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.64%. Hasbro's dividend 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.