Roth Capital Issues Negative Estimate for Hasbro Earnings

Hasbro, Inc. (NASDAQ:HAS - Free Report) - Equities researchers at Roth Capital dropped their Q4 2024 earnings estimates for Hasbro in a research report issued to clients and investors on Wednesday, January 15th. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $0.28 per share for the quarter, down from their previous estimate of $0.34. The consensus estimate for Hasbro's current full-year earnings is $3.87 per share. Roth Capital also issued estimates for Hasbro's Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.89 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $4.25 EPS, FY2026 earnings at $4.85 EPS and FY2027 earnings at $5.54 EPS.

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

A number of other brokerages have also issued reports on HAS. Jefferies Financial Group boosted their target price on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Morgan Stanley raised their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Finally, Bank of America raised their price objective on shares of Hasbro from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $80.11.

Hasbro Price Performance

Shares of NASDAQ HAS traded up $1.58 during trading on Thursday, hitting $57.74. The company had a trading volume of 1,503,915 shares, compared to its average volume of 1,391,151. The company has a market cap of $8.05 billion, a P/E ratio of -12.44, a PEG 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. The business's 50-day moving average is $60.81 and its 200 day moving average is $64.35. Hasbro has a 52 week low of $46.09 and a 52 week high of $73.46.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Huntington National Bank increased its position in Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company's stock worth $55,000 after buying an additional 163 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company's stock worth $554,000 after acquiring an additional 166 shares in the last quarter. Axiom Advisory LLC increased its holdings in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company's stock valued at $787,000 after acquiring an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Hasbro by 2.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company's stock worth $385,000 after purchasing an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company's stock valued at $81,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

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.