Hasbro Inc. (NASDAQ: HAS) has reported earnings for its second fiscal quarter (ending June 30) of $0.99 versus a loss $-1.69 for the same period a year ago. This performance was $0.24 better than the consensus estimate of $0.75. E.P.S. were $-7.46 for the latest four quarters through June 30 versus $-1.85 for the same period a year ago.
Recent Price Action
On 7/25/24, Hasbro Inc. (NASDAQ: HAS) stock enjoyed a large increase of 3.5%, closing at $61.52. Moreover, exceptionally high trading volume at 205% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HAS is expected to continue to be a major Value Builder.
Hasbro has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hasbro has a poor Appreciation Score of 28 but a good Power Rating of 84, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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