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Hasbro, Inc. (HAS)
After hours:
| Previous close | 61.52 |
| Open | 62.45 |
| Bid | 63.76 x 400 |
| Ask | 63.87 x 300 |
| Day's range | 61.25 - 63.89 |
| 52-week range | 42.66 - 73.58 |
| Volume | |
| Avg. volume | 1,826,934 |
| Market cap | 8.889B |
| Beta (5Y monthly) | 0.61 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -7.47 |
| Earnings date | 24 Oct 2024 - 28 Oct 2024 |
| Forward dividend & yield | 2.80 (4.55%) |
| Ex-dividend date | 30 Apr 2024 |
| 1y target est | 71.17 |
- Yahoo Finance Video
How 'kidults' helped Hasbro's earnings this quarter
Hasbro (HAS) posted better-than-expected earnings for its second quarter with adjusted earnings of $1.22 per share against an expected $0.78. Some of those earnings are due in part to Hasbro's increased digital gaming presence. The Toy Book Editor-In-Chief James Zahn joins Wealth! to give insight into Hasbro's earnings and what investors can expect in the toy and retail sector moving forward. Zahn comments on the demand coming from Adults for games: "The adult audience has always been there for toys... But we really hit this point during the pandemic where folks were reconnecting with the stuff that they were into as kids. So now we have an industry where about 25% of all of the toys and games sold are for an adult audience. On Hasbro's earning call this morning, Chris Cocks, the CEO, mentioned that about 60% of Hasbro's revenue is coming from consumers that are ages 13 and up. So what we've seen is a swing of older kids and grown ups and teens and tweens. They're reconnecting with play and in new ways." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
- Yahoo Finance Video
Hasbro, UMG, Keurig DrPepper: Earnings in review
Shares of Hasbro (HAS) are moving higher after the company posted a huge profit in Q2, reporting $1.22 per share, blowing away estimates of $0.77. The company reported revenue of $995.3 million, which topped expectations but was down 17.7% compared to the same period last year. Shares of Universal Media Group (UMGNF, UMG.AS) are dropping after the company posted disappointing second quarter results, with lower-than-expected streaming and subscription revenue. Subscription revenue growth slowed to 6.9% from 12.5% in the previous quarter. Keurig DrPepper's (KDP) stock is rising after the company posted Q2 adjusted earnings of $0.45 per share, which was in line with estimates. The company got a boost from soda price hikes. Morning Brief Anchors Jared Blikre and Seana Smith break down the latest developments with these companies and how they may operate moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
