Hasbro (HAS) Earning Somewhat Favorable Media Coverage, Analysis Finds
Media coverage about Hasbro (NASDAQ:HAS) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Hasbro earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.2183530792357 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Let’s Talk About Toys – Seeking Alpha (seekingalpha.com)
- Share Activity Lifted for Packaging Corp of America (PKG) and Hasbro Inc (HAS) in Session – Evergreen Caller (evergreencaller.com)
- Edited Transcript of HAS earnings conference call or presentation 24-Jul-17 12:30pm GMT (finance.yahoo.com)
- Hasbro Deal for Lions Gate Falls Through. Which Movie Studio Is Next? (finance.yahoo.com)
- Hasbro, Inc. (HAS) Rating Lowered to Buy at BidaskClub (americanbankingnews.com)
A number of brokerages have recently issued reports on HAS. DA Davidson restated a “buy” rating and issued a $121.00 target price (up previously from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Jefferies Group LLC restated a “buy” rating and issued a $125.00 target price on shares of Hasbro in a research note on Friday, July 21st. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $107.00 target price (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $106.69.
Shares of Hasbro (NASDAQ:HAS) opened at 98.33 on Wednesday. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 21.30 and a beta of 0.90. Hasbro has a 1-year low of $76.14 and a 1-year high of $116.20. The company’s 50-day moving average is $107.78 and its 200 day moving average is $101.91.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts expect that Hasbro will post $5.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.32%. Hasbro’s dividend payout ratio (DPR) is currently 49.35%.
In related news, EVP Barbara Finigan sold 23,483 shares of Hasbro stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the completion of the transaction, the executive vice president now directly owns 32,345 shares of the company’s stock, valued at approximately $3,438,273.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of Hasbro stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $106.51, for a total transaction of $2,471,138.51. Following the transaction, the executive vice president now directly owns 28,511 shares of the company’s stock, valued at $3,036,706.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 967,258 shares of company stock worth $101,532,888. 11.00% of the stock is owned by company insiders.
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Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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