Hasbro, Inc. Plans Quarterly Dividend of $0.70 (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Investors of record on Wednesday, May 1st will be paid a dividend of 0.70 per share on Wednesday, May 15th. This represents a $2.80 annualized dividend and a yield of 4.34%. The ex-dividend date is Tuesday, April 30th.

Hasbro has increased its dividend payment by an average of 1.0% per year over the last three years. Hasbro has a dividend payout ratio of 71.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hasbro to earn $4.05 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 69.1%.

Hasbro Stock Down 0.8 %

NASDAQ:HAS opened at $64.47 on Monday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. The firm has a fifty day simple moving average of $54.43 and a two-hundred day simple moving average of $51.07. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.57.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business’s revenue was down 24.3% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. As a group, sell-side analysts expect that Hasbro will post 3.46 earnings per share for the current year.

Wall Street Analyst Weigh In

HAS has been the topic of a number of recent analyst reports. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Monness Crespi & Hardt lifted their price objective on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus lifted their price objective on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Bank of America lifted their price objective on shares of Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.73.

Hasbro Company Profile

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.