Hasbro, Inc. (NASDAQ:HAS) is reporting third quarter financial results on Monday 26th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, HAS is expected to report 3Q20 income of $ 1.62 per share from revenue of $ 1733.67 million.
For the full year, analysts anticipate top line of $ 5382.93 million, while looking forward to income of $ 3.32 per share bottom line.
Previous Quarter Performance
Hasbro, Inc. reported income for the second quarter of $ 0.02 per share, from the revenue of $ 860.28 million. The quarterly earnings shrunk 97.44 percent while revenues dropped 10.08 percent compared with the same quarter last year.
Street analysts expected Hasbro, Inc. to report income of $ 0.23 per share on revenue of $ 992.24 million for the second quarter. The bottom line results missed street analysts by $ 0.21 or 91.3 percent, at the same time, top line results fell short of analysts by $ 131.96 million or 13.3 percent.
Stock Performance
On Friday, shares of Hasbro, Inc. has traded high as $ 92.94 and has cracked $ 91.00 on the downward trend, reaching $ 92.00 with volume of 1.97 million shares.
According to the previous trading day, closing price of $ 92.00, representing a 117.32 % increase from the 52 week low of $ 41.33 and a 17.97 % decrease over the 52 week high of $ 109.50.
The company has a market capital of $ 12.61 billion and is part of the Consumer Cyclical sector and Leisure industry.
Recent Analyst recommendations
- On 30th September 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
- On 23rd September 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 90.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.68 per share on July 29, 2020. The dividend were payable on November 16, 2020 to holders of record as of the close of business on November 2, 2020 and ex-dividend date on October 30, 2020.
Conference Call
Hasbro, Inc. will be hosting a conference call at 8:30 AM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hasbro.com
Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. The companys U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
