Global play and entertainment company Hasbro, Inc. (HAS) recently reported its fourth-quarter earnings results, beating Street estimates for revenues and adjusted EPS by 7.5% and 37.5%, respectively. Moreover, the company’s Board of Directors declared a quarterly dividend increase of 3% to $0.70 per share. It also paid off $1.08 billion in long-term debt in 2021.
HAS expects its revenue and operating profit growth at a low-single-digit rate in 2022. The stock has lost 3.6% over the past three months and is currently trading 7% below its 52-week high of $105.73, which it hit on January 5, 2022. Moreover, the inflationary pressure on production costs and supply chain constraints make the company’s near-term outlook uncertain.
