We recently published 10 Stocks Delivering Massive Returns. Hasbro Inc. (NASDAQ:HAS) was one of the best performers on Tuesday.
Hasbro rallied to a new six-year high on Tuesday, as investors took heart from an investment firm’s “buy” recommendation for its stock despite a dismal earnings performance last year.
In its market report, Roth MKM reaffirmed its “buy” on shares of Hasbro Inc. (NASDAQ:HAS), alongside a price target of $105.
Meanwhile, the stock soared to its highest price of $105.35 at intra-day trading before trimming gains to end the day just up by 7.48 percent at $104 apiece.
Hasbro Inc. (NASDAQ:HAS) announced on Tuesday that it swung to an attributable net loss of $322.4 million from a $385.6 million net income in 2024, despite net revenues jumping by 14.6 percent to $4.7 billion from $4.1 billion year-on-year.
In the fourth quarter alone, the company incurred a $201.6 million attributable net income, reversing a $34.3 million net loss in the same comparable period. Net revenues jumped by 31 percent to $1.4 billion from $1.1 billion.
Looking ahead, Hasbro Inc. (NASDAQ:HAS) remains upbeat about its outlook for 2026, with revenues expected to grow by 3 to 5 percent. Adjusted EBITDA is pegged at $1.4 billion to $1.45 billion.
Earnings aside, Hasbro Inc. (NASDAQ:HAS) announced the distribution of a $0.70 cash dividend to all common shareholders as of February 18, payable on March 4, 2026.
It is also planning to repurchase $1 billion worth of its shares in a bid to boost shareholder value.
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Disclosure: None. This article is originally published at Insider Monkey.
