Jefferies Group Equities Analysts Lower Earnings Estimates for Hasbro, Inc. (HAS)
Hasbro, Inc. (NASDAQ:HAS) – Investment analysts at Jefferies Group cut their FY2017 earnings estimates for Hasbro in a research report issued on Monday. Jefferies Group analyst S. Wissink now expects that the company will earn $4.98 per share for the year, down from their prior forecast of $5.00. Jefferies Group currently has a “Buy” rating and a $125.00 target price on the stock. Jefferies Group also issued estimates for Hasbro’s Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.53 EPS, Q2 2019 earnings at $0.72 EPS and Q3 2019 earnings at $2.53 EPS.
Other research analysts have also issued reports about the company. KeyCorp reissued a “buy” rating and set a $105.00 price target on shares of Hasbro in a report on Tuesday, October 24th. DA Davidson reaffirmed a “buy” rating and set a $124.00 target price (up previously from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Thursday, September 14th. Goldman Sachs Group reaffirmed a “buy” rating and set a $118.00 target price on shares of Hasbro in a research note on Monday, October 2nd. Finally, B. Riley began coverage on Hasbro in a research note on Thursday, December 21st. They set a “buy” rating and a $108.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $105.81.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.15. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Hasbro had a return on equity of 56.23% and a net margin of 14.82%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $2.03 earnings per share.
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Hasbro by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 308,707 shares of the company’s stock valued at $29,946,000 after purchasing an additional 17,493 shares during the period. Nationwide Fund Advisors boosted its position in shares of Hasbro by 128.5% in the 2nd quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock valued at $24,198,000 after purchasing an additional 122,023 shares during the period. New York State Common Retirement Fund boosted its position 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 valued at $27,248,000 after purchasing an additional 23,820 shares during the period. Federated Investors Inc. PA boosted its position 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 valued at $646,000 after purchasing an additional 3,181 shares during the period. Finally, Global X MANAGEMENT CO LLC boosted its position 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 valued at $894,000 after purchasing an additional 1,201 shares during the period. Institutional investors and hedge funds own 79.32% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.47%. Hasbro’s dividend payout ratio (DPR) is 48.61%.
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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