Hasbro, Inc. (NASDAQ:HAS) – Investment analysts at Jefferies Group decreased their FY2017 earnings estimates for Hasbro in a research note issued to investors on Monday. Jefferies Group analyst S. Wissink now forecasts that the company will earn $4.88 per share for the year, down from their previous forecast of $4.98. Jefferies Group has a “Buy” rating and a $125.00 price objective on the stock. Jefferies Group also issued estimates for Hasbro’s Q4 2017 earnings at $1.72 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.57 EPS and Q3 2019 earnings at $2.59 EPS.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business earned $2.03 earnings per share. Hasbro’s revenue was up 6.6% compared to the same quarter last year.
Shares of Hasbro (NASDAQ HAS) opened at $90.86 on Tuesday. Hasbro has a 1 year low of $80.22 and a 1 year high of $116.20. The stock has a market cap of $11,528.87, a P/E ratio of 19.41, a P/E/G ratio of 1.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53.
Several large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC lifted its holdings in shares of Hasbro by 2.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after acquiring an additional 32 shares in the last quarter. Cypress Capital Group lifted its holdings in shares of Hasbro by 2.5% during the 2nd quarter. Cypress Capital Group now owns 2,230 shares of the company’s stock valued at $249,000 after acquiring an additional 55 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Hasbro by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 23,782 shares of the company’s stock valued at $2,640,000 after acquiring an additional 62 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Hasbro by 3.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock valued at $475,000 after acquiring an additional 140 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Hasbro by 3.0% during the 2nd quarter. Nordea Investment Management AB now owns 5,008 shares of the company’s stock valued at $558,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.57 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.51%. Hasbro’s dividend payout ratio (DPR) is presently 48.72%.
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Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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