Shares of Hasbro, Inc. (NASDAQ:HAS – Get Free Report) gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $58.14, but opened at $63.50. Hasbro shares last traded at $64.96, with a volume of 1,774,788 shares.
The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS.
Hasbro Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.31%. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.
Analyst Upgrades and Downgrades
Get Our Latest Report on Hasbro
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Studio Investment Management LLC bought a new stake in shares of Hasbro in the third quarter valued at about $26,000. Parkside Financial Bank & Trust lifted its holdings in shares of Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares in the last quarter. ING Groep NV bought a new stake in shares of Hasbro in the third quarter valued at about $29,000. Optiver Holding B.V. bought a new stake in shares of Hasbro in the fourth quarter valued at about $36,000. Finally, Orion Capital Management LLC bought a new stake in shares of Hasbro in the third quarter valued at about $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.
Hasbro Trading Up 11.7 %
The company has a market capitalization of $9.01 billion, a P/E ratio of -6.09, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74. The business has a fifty day moving average price of $53.64 and a 200 day moving average price of $50.95. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73.
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.
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