Hasbro (HAS) to Release Quarterly Earnings on Thursday

Hasbro (NASDAQ:HAS) is set to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results 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 company had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. On average, analysts expect Hasbro to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Hasbro Stock Down 1.3 %

NASDAQ HAS opened at $71.04 on Wednesday. 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 1-year low of $42.66 and a 1-year high of $73.46. The company has a 50 day moving average of $69.72 and a 200-day moving average of $63.48. The company has a market cap of $9.89 billion, a price-to-earnings ratio of -7.01, a PEG ratio of 0.54 and a beta of 0.61.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HAS. Bank of America lifted their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley lifted their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Jefferies Financial Group lifted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stifel Nicolaus boosted their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.10.

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.