Hasbro, Inc. (HAS) to Issue Quarterly Dividend of $0.70 on March 12th

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Thursday, February 6th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.70 per share on Wednesday, March 12th. This represents a $2.80 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Monday, March 3rd.

Hasbro has increased its dividend payment by an average of 1.0% annually over the last three years. Hasbro has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hasbro to earn $4.98 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 56.2%.

Hasbro Price Performance

Shares of HAS opened at $65.11 on Friday. The firm has a fifty day simple moving average of $59.26 and a two-hundred day simple moving average of $64.31. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro has a 1-year low of $49.21 and a 1-year high of $73.46. The firm has a market cap of $9.08 billion, a PE ratio of 23.68, a P/E/G ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, equities analysts anticipate that Hasbro will post 4.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. DA Davidson lifted their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average price target of $80.22.

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.