Hasbro, Inc. (NASDAQ:HAS) – Analysts at DA Davidson reduced their Q1 2018 EPS estimates for Hasbro in a research note issued to investors on Thursday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.46. DA Davidson currently has a “Buy” rating and a $124.00 target price on the stock. DA Davidson also issued estimates for Hasbro’s Q2 2018 earnings at $0.55 EPS, Q4 2018 earnings at $1.99 EPS, FY2018 earnings at $5.55 EPS and FY2019 earnings at $6.00 EPS.
Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Hasbro from $83.00 to $100.00 and gave the stock a “market perform” rating in a research report on Thursday. Wells Fargo & Co reissued a “market perform” rating and issued a $100.00 target price (up from $95.00) on shares of Hasbro in a research report on Thursday. KeyCorp set a $110.00 target price on shares of Hasbro and gave the stock an “overweight” rating in a research report on Thursday. B. Riley raised their target price on shares of Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $109.87.
Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the company earned $1.64 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the business. Cypress Capital Group lifted its position in Hasbro by 2.5% during the second quarter. Cypress Capital Group now owns 2,230 shares of the company’s stock valued at $249,000 after buying an additional 55 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Hasbro by 3.4% during the second quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock valued at $475,000 after buying an additional 140 shares in the last quarter. National Asset Management Inc. lifted its position in Hasbro by 6.5% during the second quarter. National Asset Management Inc. now owns 2,718 shares of the company’s stock valued at $305,000 after buying an additional 166 shares in the last quarter. Advisory Services Network LLC lifted its position in Hasbro by 2.6% during the second quarter. Advisory Services Network LLC now owns 9,607 shares of the company’s stock valued at $1,071,000 after buying an additional 239 shares in the last quarter. Finally, Scotia Capital Inc. lifted its position in Hasbro by 21.3% during the second quarter. Scotia Capital Inc. now owns 2,779 shares of the company’s stock valued at $310,000 after buying an additional 488 shares in the last quarter. 79.32% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.58%. This is a boost from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, April 30th. Hasbro’s payout ratio is 73.08%.
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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