Hasbro, Inc. (NASDAQ:HAS) to Issue Quarterly Dividend of $0.70

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Shareholders of record on Wednesday, May 1st will be paid a dividend of 0.70 per share on Wednesday, May 15th. This represents a $2.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Tuesday, April 30th.

Hasbro has raised its dividend by an average of 1.0% per year over the last three years. Hasbro has a payout ratio of 71.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hasbro to earn $4.05 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 69.1%.

Hasbro Stock Performance

Shares of HAS stock opened at $64.47 on Monday. The stock’s fifty day moving average is $54.43 and its two-hundred day moving average is $51.07. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.57.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The company’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period last year, the company earned $0.01 EPS. As a group, research analysts forecast that Hasbro will post 3.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HAS. Monness Crespi & Hardt raised their price objective on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Roth Mkm lifted their target price on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.73.

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.