Roth Capital Issues Pessimistic Estimate for Hasbro Earnings

Hasbro, Inc. (NASDAQ:HAS - Free Report) - Equities research analysts at Roth Capital cut their FY2024 earnings estimates for shares of Hasbro in a note issued to investors on Wednesday, January 15th. Roth Capital analyst E. Handler now expects that the company will post earnings of $3.84 per share for the year, down from their previous forecast of $3.90. The consensus estimate for Hasbro's current full-year earnings is $3.87 per share.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. The business's revenue for the quarter was down 14.8% on a year-over-year basis.

HAS has been the topic of a number of other reports. DA Davidson lifted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Morgan Stanley raised their price objective on Hasbro from $80.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Jefferies Financial Group increased their price target on Hasbro from $75.00 to $83.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.11.

Hasbro Stock Down 0.7 %

NASDAQ HAS traded down $0.40 on Friday, reaching $57.34. The company had a trading volume of 1,175,375 shares, compared to its average volume of 1,371,534. The company's fifty day moving average is $60.54 and its 200-day moving average is $64.30. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of -12.36, a price-to-earnings-growth ratio of 0.47 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro has a 1-year low of $46.09 and a 1-year high of $73.46.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares of the company's stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.82% of the company's stock.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mizuho Securities USA LLC increased its holdings in Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock valued at $72,320,000 after buying an additional 989,906 shares during the period. Samlyn Capital LLC increased its stake in Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company's stock valued at $107,252,000 after acquiring an additional 855,099 shares during the last quarter. AQR Capital Management LLC raised its position in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company's stock valued at $40,037,000 after purchasing an additional 565,645 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in shares of Hasbro in the 3rd quarter valued at $32,032,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of Hasbro in the 3rd quarter valued at $18,163,000. Institutional investors own 91.83% of the company's stock.

About Hasbro

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.