Hasbro (NASDAQ:HAS) Issues Earnings Results, Beats Estimates By $0.37 EPS

by · The Cerbat Gem

Hasbro (NASDAQ:HAS – Get Free Report) posted its earnings results on Thursday. The company reported $1.73 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $1.64 EPS. The firm’s revenue was down 14.8% compared to the same quarter last year.

Hasbro Stock Performance

Shares of NASDAQ HAS traded down $3.49 during trading on Thursday, reaching $66.84. 354,154 shares of the stock traded hands, compared to its average volume of 1,618,349. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The stock has a market capitalization of $9.31 billion, a P/E ratio of -6.58, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.46. The company has a 50-day moving average of $69.84 and a 200-day moving average of $63.52.

Analysts Set New Price Targets

Several research analysts have issued reports on HAS shares. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday. Bank of America raised their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group boosted their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stifel Nicolaus upped their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $75.10.

Check Out Our Latest Report on Hasbro

About Hasbro

(Get Free Report)

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.

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