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 raised its dividend payment by an average of 1.0% annually over the last three years. Hasbro has a dividend payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.4 %

Hasbro stock traded down $0.90 during trading on Friday, reaching $65.11. The stock had a trading volume of 2,232,431 shares, compared to its average volume of 1,561,024. Hasbro has a 52-week low of $49.21 and a 52-week high of $73.46. The business has a 50 day moving average price of $59.26 and a 200 day moving average price of $64.31. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The stock 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, analysts predict that Hasbro will post 4.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HAS. DA Davidson boosted their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm lifted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Stifel Nicolaus cut their target price 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.