Hasbro, Inc. (NASDAQ:HAS) – Equities researchers at Jefferies Financial Group dropped their Q1 2019 earnings per share estimates for shares of Hasbro in a research report issued to clients and investors on Monday, February 18th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.35. Jefferies Financial Group also issued estimates for Hasbro’s Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $2.48 EPS, Q4 2019 earnings at $1.45 EPS, Q1 2020 earnings at $0.13 EPS, Q2 2020 earnings at $0.90 EPS and Q4 2020 earnings at $1.74 EPS.
Several other equities analysts have also recently issued reports on HAS. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “strong sell” rating in a research note on Friday, October 26th. Citigroup dropped their target price on shares of Hasbro from $116.00 to $114.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Argus dropped their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. ValuEngine raised shares of Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, BidaskClub lowered shares of Hasbro from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $103.73.
Hasbro (NASDAQ:HAS) last posted its earnings results 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 net margin of 4.81% and a return on equity of 28.01%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. The business’s revenue for the quarter was down 13.0% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors increased its stake in shares of Hasbro by 31.6% during the third quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock worth $1,468,109,000 after buying an additional 3,356,518 shares during the period. Jackson Square Partners LLC lifted its holdings in Hasbro by 203.6% in the third quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock valued at $423,659,000 after acquiring an additional 2,702,931 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in 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 valued at $26,000 after acquiring an additional 2,115,671 shares during the period. Capital International Investors acquired a new stake in Hasbro in the third quarter valued at $106,820,000. Finally, Macquarie Group Ltd. lifted its holdings in Hasbro by 207.6% in the third quarter. Macquarie Group Ltd. now owns 1,421,542 shares of the company’s stock valued at $149,433,000 after acquiring an additional 959,350 shares during the period. 86.78% of the stock is currently owned by institutional investors.
In related news, Director Alan G. Hassenfeld sold 302,220 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $97.54, for a total value of $29,478,538.80. Following the completion of the sale, the director now owns 30,945 shares of the company’s stock, valued at $3,018,375.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.90% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.15%. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio is currently 65.45%.
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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