Hasbro (NASDAQ:HAS) released its earnings results on Wednesday. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.48, Bloomberg Earnings reports. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS.

Shares of Hasbro (NASDAQ:HAS) opened at $102.22 on Thursday. Hasbro has a one year low of $87.92 and a one year high of $116.20. The stock has a market cap of $11,699.51, a PE ratio of 21.84, a P/E/G ratio of 1.54 and a beta of 0.86. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a $0.57 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $2.28 annualized dividend and a yield of 2.23%. Hasbro’s dividend payout ratio (DPR) is currently 48.72%.

Several brokerages have recently weighed in on HAS. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Thursday. B. Riley raised their price objective on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp restated an “overweight” rating and issued a $110.00 price objective (up previously from $105.00) on shares of Hasbro in a report on Thursday. Wells Fargo & Co restated a “market perform” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Hasbro in a report on Thursday. Finally, DA Davidson set a $124.00 price objective on Hasbro and gave the company a “buy” rating in a report on Tuesday, November 14th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $108.73.

A number of large investors have recently modified their holdings of HAS. Thrivent Financial For Lutherans lifted its stake in Hasbro by 3.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock valued at $475,000 after purchasing an additional 140 shares during the last quarter. Nordea Investment Management AB lifted its stake in Hasbro by 3.0% in the 2nd quarter. Nordea Investment Management AB now owns 5,008 shares of the company’s stock valued at $558,000 after purchasing an additional 147 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hasbro by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 436,606 shares of the company’s stock valued at $48,683,000 after purchasing an additional 19,562 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Hasbro in the 2nd quarter valued at about $525,000. Finally, Moors & Cabot Inc. acquired a new stake in Hasbro in the 2nd quarter valued at about $229,000. Institutional investors and hedge funds own 79.32% of the company’s stock.

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About Hasbro

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.

Earnings History for Hasbro (NASDAQ:HAS)

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