Jefferies Group Comments on Hasbro, Inc.’s Q4 2017 Earnings (HAS)
Hasbro, Inc. (NASDAQ:HAS) – Jefferies Group decreased their Q4 2017 EPS estimates for Hasbro in a report issued on Monday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings per share of $1.82 for the quarter, down from their prior forecast of $1.84. Jefferies Group has a “Buy” rating and a $125.00 price objective on the stock. Jefferies Group also issued estimates for Hasbro’s Q3 2018 earnings at $2.22 EPS, Q4 2018 earnings at $1.83 EPS, FY2018 earnings at $5.03 EPS, Q1 2019 earnings at $0.40 EPS, Q4 2019 earnings at $2.10 EPS and FY2019 earnings at $5.75 EPS.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 56.23% and a net margin of 14.82%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the business posted $2.03 EPS. The business’s revenue was up 6.6% on a year-over-year basis.
Hasbro (NASDAQ HAS) opened at $92.31 on Wednesday. The company has a market capitalization of $11,520.00, a P/E ratio of 19.68, a PEG ratio of 1.76 and a beta of 0.86. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11. Hasbro has a one year low of $80.22 and a one year high of $116.20.
Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Hasbro by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 308,707 shares of the company’s stock valued at $29,946,000 after buying an additional 17,493 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Hasbro by 128.5% in the 2nd quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock worth $24,198,000 after purchasing an additional 122,023 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Hasbro by 9.3% in the 3rd quarter. New York State Common Retirement Fund now owns 278,980 shares of the company’s stock worth $27,248,000 after purchasing an additional 23,820 shares in the last quarter. Federated Investors Inc. PA increased its holdings in shares of Hasbro by 121.6% in the 2nd quarter. Federated Investors Inc. PA now owns 5,797 shares of the company’s stock worth $646,000 after purchasing an additional 3,181 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC increased its holdings in shares of Hasbro by 15.1% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,149 shares of the company’s stock worth $894,000 after purchasing an additional 1,201 shares in the last quarter. Institutional investors and hedge funds own 79.32% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, January 31st. Hasbro’s payout ratio is 48.61%.
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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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