Roth Capital Analysts Cut Earnings Estimates for Hasbro, Inc. (NASDAQ:HAS)

by · The Cerbat Gem

Hasbro, Inc. (NASDAQ:HAS – Free Report) – Investment analysts at Roth Capital decreased their Q3 2024 earnings estimates for Hasbro in a report issued on Monday, October 7th. Roth Capital analyst E. Handler now expects that the company will earn $1.08 per share for the quarter, down from their prior estimate of $1.12. The consensus estimate for Hasbro’s current full-year earnings is $3.93 per share. Roth Capital also issued estimates for Hasbro’s FY2026 earnings at $5.26 EPS and FY2027 earnings at $5.93 EPS.

HAS has been the topic of a number of other reports. Morgan Stanley upped their target price on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. DA Davidson reiterated a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Bank of America increased their price target on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus increased their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.73.

Check Out Our Latest Stock Report on HAS

Hasbro Stock Up 0.2 %

HAS stock opened at $72.24 on Tuesday. The company’s 50 day moving average price is $68.10 and its 200 day moving average price is $62.35. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.46. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of -7.12, a PEG ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS – Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was down 17.7% compared to the same quarter last year.

Hedge Funds Weigh In On Hasbro

A number of institutional investors have recently modified their holdings of HAS. Contravisory Investment Management Inc. grew its position in Hasbro by 9,547.8% in the 3rd quarter. Contravisory Investment Management Inc. now owns 11,095 shares of the company’s stock valued at $802,000 after buying an additional 10,980 shares during the last quarter. USA Financial Formulas grew its position in Hasbro by 36,079.3% in the 3rd quarter. USA Financial Formulas now owns 20,984 shares of the company’s stock valued at $1,518,000 after buying an additional 20,926 shares during the last quarter. CWM LLC grew its position in Hasbro by 481.2% in the 3rd quarter. CWM LLC now owns 17,871 shares of the company’s stock valued at $1,292,000 after buying an additional 14,796 shares during the last quarter. FCF Advisors LLC grew its position in Hasbro by 55.2% in the 3rd quarter. FCF Advisors LLC now owns 16,479 shares of the company’s stock valued at $1,192,000 after buying an additional 5,861 shares during the last quarter. Finally, Axiom Advisory LLC grew its position in Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after buying an additional 170 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.88%. Hasbro’s payout ratio is -27.61%.

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.

See Also