Roth Capital Issues Negative Outlook for Hasbro Earnings

Hasbro, Inc. (NASDAQ:HAS) – Stock analysts at Roth Capital cut their Q4 2024 earnings per share (EPS) estimates for shares of Hasbro in a research report issued to clients and investors on Wednesday, January 15th. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $0.28 per share for the quarter, down from their previous 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.

A number of other equities analysts have also commented on HAS. JPMorgan Chase & Co. raised their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stifel Nicolaus reduced their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Bank of America raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley upped their price target on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

Hasbro Stock Down 0.8 %

Shares of HAS opened at $56.16 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The firm’s 50 day moving average is $60.95 and its 200-day moving average is $64.41. Hasbro has a 12 month low of $46.09 and a 12 month high of $73.46.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in Hasbro by 25.8% in the 2nd quarter. American Century Companies Inc. now owns 17,377 shares of the company’s stock valued at $1,017,000 after acquiring an additional 3,567 shares during the period. Dimensional Fund Advisors LP raised its position in Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares during the last quarter. Wealth Alliance lifted its holdings in Hasbro by 22.0% during the 2nd quarter. Wealth Alliance now owns 4,377 shares of the company’s stock worth $256,000 after buying an additional 790 shares during the period. Amalgamated Bank grew its position in shares of Hasbro by 3.9% in the 2nd quarter. Amalgamated Bank now owns 28,594 shares of the company’s stock valued at $1,673,000 after buying an additional 1,065 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after buying an additional 179 shares during the period. Institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated 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 directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.