Equities Analysts Set Expectations for Hasbro Q4 Earnings

Hasbro, Inc. (NASDAQ:HAS) – Roth Capital reduced their Q4 2024 earnings estimates for shares of Hasbro in a note issued to investors on Wednesday, January 15th. Roth Capital analyst E. Handler now forecasts that the company will earn $0.28 per share for the quarter, down from their prior forecast 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.

HAS has been the topic of several other research reports. Stifel Nicolaus cut 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. Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley upped their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price 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. Finally, Bank of America lifted their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $56.16 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The company has a 50-day moving average price of $60.95 and a 200-day moving average price of $64.41. Hasbro has a 1 year low of $46.09 and a 1 year high of $73.46.

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

Institutional Investors Weigh In On Hasbro

Institutional investors have recently made changes to their positions in the stock. Mizuho Securities USA LLC raised its stake in shares of Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after purchasing an additional 989,906 shares during the period. Samlyn Capital LLC increased its position in shares of Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares during the period. AQR Capital Management LLC increased its position in shares of 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 buying an additional 565,645 shares during the period. Smith Group Asset Management LLC purchased a new stake in shares of Hasbro in the third quarter worth about $32,032,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Hasbro in the third quarter valued at approximately $18,163,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were 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 in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.82% 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.