Hasbro, Inc. (NASDAQ:HAS – Free Report) – DA Davidson cut their Q3 2023 earnings per share (EPS) estimates for Hasbro in a report issued on Monday, October 23rd. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of $1.43 for the quarter, down from their prior estimate of $1.63. DA Davidson has a “Buy” rating and a $71.00 price target on the stock. The consensus estimate for Hasbro’s current full-year earnings is $3.88 per share.
Hasbro (NASDAQ:HAS – Get Free Report) last posted its earnings results on Thursday, August 3rd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). Hasbro had a negative net margin of 4.61% and a positive return on equity of 16.12%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. Hasbro’s revenue for the quarter was down 9.6% compared to the same quarter last year.
Hasbro Price Performance
NASDAQ:HAS opened at $54.99 on Tuesday. Hasbro has a 52 week low of $45.75 and a 52 week high of $73.57. The company has a quick ratio of 0.91, a current ratio of 1.29 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $7.63 billion, a P/E ratio of -29.72, a P/E/G ratio of 2.30 and a beta of 0.74. The stock’s fifty day moving average is $64.73 and its two-hundred day moving average is $62.20.
Hasbro Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.09%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is presently -151.35%.
Institutional Trading of Hasbro
Several institutional investors and hedge funds have recently added to or reduced their stakes in HAS. Worth Asset Management LLC acquired a new position in Hasbro during the 1st quarter worth approximately $27,000. Carolinas Wealth Consulting LLC increased its position in Hasbro by 60.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the period. Power Corp of Canada acquired a new position in Hasbro during the 1st quarter worth approximately $29,000. Bartlett & Co. LLC acquired a new position in Hasbro during the 2nd quarter worth approximately $26,000. Finally, Ronald Blue Trust Inc. increased its position in Hasbro by 87.7% during the 1st quarter. Ronald Blue Trust Inc. now owns 520 shares of the company’s stock worth $32,000 after purchasing an additional 243 shares during the period. 82.84% of the stock is owned by hedge funds and other institutional investors.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.
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