Q4 2024 EPS Estimates for Hasbro, Inc. Boosted by Analyst (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Equities research analysts at Roth Capital raised their Q4 2024 earnings per share (EPS) estimates for Hasbro in a report issued on Monday, October 7th. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of $0.94 for the quarter, up from their previous forecast of $0.91. The consensus estimate for Hasbro’s current full-year earnings is $3.93 per share.

HAS has been the subject of several other reports. Stifel Nicolaus lifted their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley increased their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. DA Davidson reaffirmed a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Finally, Bank of America increased their price target on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.73.

Hasbro Stock Performance

HAS stock opened at $72.34 on Wednesday. The stock has a market capitalization of $10.07 billion, a PE ratio of -7.13, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.46. The stock’s 50 day simple moving average is $68.25 and its 200 day simple moving average is $62.42.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. During the same period last year, the business earned $0.49 EPS. Hasbro’s revenue was down 17.7% compared to the same quarter last year.

Hedge Funds Weigh In On Hasbro

A number of hedge funds have recently made changes to their positions in the business. Plato Investment Management Ltd purchased a new stake in Hasbro during the 2nd quarter valued at approximately $27,000. Asset Dedication LLC increased its holdings in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Hasbro during the 2nd quarter valued at about $46,000. Summit Securities Group LLC bought a new position in shares of Hasbro during the 2nd quarter valued at about $47,000. Finally, Mather Group LLC. grew its position in shares of Hasbro by 56.7% during the third quarter. Mather Group LLC. now owns 804 shares of the company’s stock valued at $58,000 after purchasing an additional 291 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.87%. Hasbro’s dividend payout ratio is presently -27.61%.

About Hasbro

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.