Zacks: Brokerages Anticipate Hasbro, Inc. (HAS) Will Announce Quarterly Sales of $966.76 Million
Wall Street analysts expect Hasbro, Inc. (NASDAQ:HAS) to report sales of $966.76 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Hasbro’s earnings, with the lowest sales estimate coming in at $941.10 million and the highest estimate coming in at $994.00 million. Hasbro reported sales of $904.46 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The business is expected to report its next quarterly earnings report on Monday, July 22nd.
On average, analysts expect that Hasbro will report full year sales of $4.96 billion for the current fiscal year, with estimates ranging from $4.78 billion to $5.08 billion. For the next fiscal year, analysts forecast that the business will report sales of $5.19 billion, with estimates ranging from $4.97 billion to $5.36 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Hasbro.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.29. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The business had revenue of $732.51 million for the quarter, compared to analyst estimates of $665.96 million. During the same period last year, the business earned $0.10 EPS. The company’s revenue was up 2.3% on a year-over-year basis.
Shares of HAS opened at $97.15 on Friday. Hasbro has a twelve month low of $76.84 and a twelve month high of $109.60. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $12.26 billion, a PE ratio of 25.23, a PEG ratio of 2.02 and a beta of 0.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.68 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $2.72 dividend on an annualized basis and a yield of 2.80%. Hasbro’s dividend payout ratio is presently 70.65%.
In other Hasbro news, SVP Tarrant L. Sibley sold 4,000 shares of Hasbro stock in a transaction on Friday, April 26th. The shares were sold at an average price of $102.20, for a total value of $408,800.00. Following the transaction, the senior vice president now directly owns 21,703 shares in the company, valued at $2,218,046.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas J. Jr. Courtney sold 3,687 shares of Hasbro stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $105.00, for a total transaction of $387,135.00. Following the completion of the transaction, the executive vice president now owns 20,795 shares in the company, valued at $2,183,475. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 346,056 shares of company stock worth $35,488,019. 9.30% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ronna Sue Cohen boosted its holdings in shares of Hasbro by 8,221.2% in the first quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock valued at $3,609,000 after acquiring an additional 3,565,801 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hasbro by 7,213.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock valued at $26,000 after acquiring an additional 2,115,671 shares in the last quarter. Norges Bank purchased a new stake in shares of Hasbro in the fourth quarter valued at about $92,891,000. JPMorgan Chase & Co. boosted its holdings in shares of Hasbro by 43.9% in the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock valued at $241,773,000 after acquiring an additional 701,535 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Hasbro by 21.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock valued at $277,331,000 after acquiring an additional 597,909 shares in the last quarter. Institutional investors own 90.27% of the company’s stock.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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