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Hasbro (HAS) Hits 6-Year High on ‘Buy’ Reco
Yahoo Finance· 2026-02-11 16:48
Core Viewpoint - Hasbro Inc. (NASDAQ:HAS) has seen a significant stock rally, reaching a six-year high, driven by a "buy" recommendation from Roth MKM despite a challenging earnings report from the previous year [1][2]. Financial Performance - Hasbro reported a net loss of $322.4 million in 2024, a decline from a net income of $385.6 million the previous year, even as net revenues increased by 14.6% to $4.7 billion from $4.1 billion year-on-year [2]. - In the fourth quarter, Hasbro achieved a net income of $201.6 million, a turnaround from a net loss of $34.3 million in the same period last year, with net revenues rising by 31% to $1.4 billion from $1.1 billion [3]. Future Outlook - The company is optimistic about its revenue growth for 2026, projecting an increase of 3% to 5% [3]. - Adjusted EBITDA is anticipated to be between $1.4 billion and $1.45 billion [3]. Shareholder Returns - Hasbro announced a cash dividend of $0.70 per share for common shareholders, payable on March 4, 2026 [4]. - The company plans to repurchase $1 billion worth of its shares to enhance shareholder value [5].