Hasbro (NASDAQ:HAS) Issues Quarterly Earnings Results

Hasbro (NASDAQ:HAS) announced its quarterly earnings results on Thursday. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.37, RTT News reports. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company posted $1.64 EPS. Hasbro’s revenue was down 14.8% compared to the same quarter last year.

Hasbro Stock Down 5.4 %

Shares of HAS traded down $3.79 on Thursday, reaching $66.54. The stock had a trading volume of 1,133,671 shares, compared to its average volume of 1,622,133. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of -6.59, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The company has a 50-day simple moving average of $69.84 and a 200-day simple moving average of $63.52. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.46. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HAS shares. Stifel Nicolaus lifted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley upped their price objective on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Bank of America boosted their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group increased their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.10.

Hasbro Company Profile

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.