Hasbro (HAS) Scheduled to Post Earnings on Wednesday

Hasbro (NASDAQ:HAS - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.26). The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business's revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period last year, the company earned $1.31 EPS. On average, analysts expect Hasbro to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Hasbro Trading Down 0.4 %

Shares of HAS stock traded down $0.21 during trading hours on Wednesday, reaching $54.82. The company had a trading volume of 1,081,161 shares, compared to its average volume of 1,695,317. The company has a 50 day moving average of $53.12 and a 200 day moving average of $51.15. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of -5.13, a P/E/G ratio of 1.48 and a beta of 0.74. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.57.

Hasbro Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro's dividend payout ratio (DPR) is currently -26.12%.

Institutional Trading of Hasbro

Several hedge funds and other institutional investors have recently modified their holdings of HAS. Carolinas Wealth Consulting LLC grew its holdings in shares of Hasbro by 60.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company's stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Kinneret Advisory LLC grew its holdings in shares of Hasbro by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 6,656 shares of the company's stock valued at $545,000 after acquiring an additional 149 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Hasbro by 0.7% in the 1st quarter. Yousif Capital Management LLC now owns 20,502 shares of the company's stock valued at $1,680,000 after acquiring an additional 150 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of Hasbro by 0.6% in the 1st quarter. Continuum Advisory LLC now owns 26,303 shares of the company's stock valued at $61,000 after acquiring an additional 155 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Hasbro by 2.6% in the 3rd quarter. Baird Financial Group Inc. now owns 7,024 shares of the company's stock valued at $473,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. DA Davidson reaffirmed a "neutral" rating and set a $52.00 price objective on shares of Hasbro in a research note on Tuesday, March 26th. StockNews.com raised Hasbro from a "sell" rating to a "hold" rating in a research note on Monday. Roth Mkm raised their price objective on Hasbro from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on Hasbro from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Finally, TheStreet downgraded Hasbro from a "c-" rating to a "d+" rating in a research note on Tuesday, February 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.90.

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.