Hasbro (NASDAQ:HAS) Announces Quarterly Earnings Results

Hasbro (NASDAQ:HAS) released its quarterly earnings data on Thursday. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10, Zacks reports. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%.

Hasbro Price Performance

Hasbro stock traded up $7.38 during mid-day trading on Thursday, hitting $68.52. 2,306,858 shares of the company were exchanged, compared to its average volume of 1,359,281. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The business’s 50 day simple moving average is $58.21 and its two-hundred day simple moving average is $64.13. The company has a market capitalization of $9.56 billion, a P/E ratio of -14.80, a PEG ratio of 0.53 and a beta of 0.64. Hasbro has a 12-month low of $48.63 and a 12-month high of $73.46.

Analyst Ratings Changes

HAS has been the topic of a number of recent analyst reports. DA Davidson increased their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus dropped their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.11.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s 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 owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is currently owned by company insiders.

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.