Hasbro (NASDAQ:HAS) Issues Quarterly Earnings Results

Hasbro (NASDAQ:HAS - Get Free Report) issued its earnings results on Wednesday. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.34, RTT News reports. The company had revenue of $757.30 million during the quarter, compared to analysts' expectations of $739.84 million. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm's quarterly revenue was down 24.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS.

Hasbro Stock Up 11.9 %

Shares of HAS traded up $6.89 during midday trading on Wednesday, hitting $65.03. The company had a trading volume of 7,251,611 shares, compared to its average volume of 1,774,753. The company's 50-day simple moving average is $53.64 and its 200-day simple moving average is $50.95. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market capitalization of $9.03 billion, a P/E ratio of -6.09, a P/E/G ratio of 0.97 and a beta of 0.74. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.57.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Tuesday, April 30th. Hasbro's payout ratio is presently -26.12%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HAS. TheStreet cut Hasbro from a "c-" rating to a "d+" rating in a report on Tuesday, February 13th. Jefferies Financial Group increased their price target on Hasbro from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, April 19th. StockNews.com upgraded Hasbro from a "sell" rating to a "hold" rating in a report on Wednesday. Stifel Nicolaus increased their price target on Hasbro from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, April 15th. Finally, DA Davidson reiterated a "neutral" rating and set a $52.00 price target on shares of Hasbro in a report on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $62.80.

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.