FY2019 EPS Estimates for Hasbro, Inc. Cut by Jefferies Financial Group (HAS)

Hasbro, Inc. (NASDAQ:HAS) – Equities research analysts at Jefferies Financial Group dropped their FY2019 earnings per share estimates for Hasbro in a research report issued on Sunday, February 10th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will earn $4.99 per share for the year, down from their prior forecast of $5.68. Jefferies Financial Group also issued estimates for Hasbro’s Q4 2019 earnings at $1.74 EPS.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.35). Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $2.30 EPS. The business’s revenue for the quarter was down 13.0% compared to the same quarter last year.

Several other research firms also recently issued reports on HAS. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. ValuEngine downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. TheStreet downgraded shares of Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. Wells Fargo & Co restated a “market perform” rating and set a $90.00 price objective (down previously from $95.00) on shares of Hasbro in a report on Wednesday. Finally, SunTrust Banks dropped their price objective on shares of Hasbro to $96.00 and set a “hold” rating on the stock in a report on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $104.40.

NASDAQ:HAS opened at $89.57 on Wednesday. Hasbro has a 52-week low of $76.84 and a 52-week high of $109.60. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97. The stock has a market cap of $11.31 billion, a PE ratio of 23.26, a P/E/G ratio of 1.49 and a beta of 0.99.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 3.04%. Hasbro’s payout ratio is 65.45%.

In other Hasbro news, Director Alan G. Hassenfeld sold 5,350 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $97.41, for a total value of $521,143.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 302,220 shares of the business’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total transaction of $29,478,538.80. Following the completion of the transaction, the director now directly owns 30,945 shares of the company’s stock, valued at $3,018,375.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 707,570 shares of company stock worth $68,963,682. Company insiders own 9.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its stake in shares of Hasbro by 7,213.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after acquiring an additional 2,115,671 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Hasbro by 46.3% in the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Hasbro by 41.4% in the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock worth $34,000 after acquiring an additional 123 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Hasbro by 38.2% during the fourth quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock worth $38,000 after buying an additional 128 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. bought a new stake in shares of Hasbro during the fourth quarter worth approximately $43,000. 88.09% of the stock is owned by institutional investors.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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