What is Roth Capital’s Estimate for Hasbro FY2024 Earnings?

Hasbro, Inc. (NASDAQ:HAS) – Research analysts at Roth Capital cut their FY2024 earnings estimates for shares of Hasbro in a note issued to investors on Wednesday, January 15th. Roth Capital analyst E. Handler now anticipates that the company will earn $3.84 per share for the year, down from their prior estimate of $3.90. The consensus estimate for Hasbro’s current full-year earnings is $3.87 per share.

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

Several other research firms have also commented on HAS. Jefferies Financial Group increased their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. DA Davidson lifted their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Bank of America raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley lifted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $57.34 on Friday. Hasbro has a twelve month low of $46.09 and a twelve month high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a 50-day moving average of $60.54 and a two-hundred day moving average of $64.35. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of -12.36, a PEG ratio of 0.47 and a beta of 0.64.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the last quarter. True Wealth Design LLC bought a new stake in Hasbro during the third quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro during the third quarter worth approximately $40,000. Wilmington Savings Fund Society FSB bought a new position in shares of Hasbro in the third quarter valued at approximately $45,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Hasbro in the third quarter valued at approximately $49,000. 91.83% of the stock is owned by institutional investors and hedge funds.

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.