|Bid||117.47 x 800|
|Ask||117.63 x 800|
|Day's Range||114.50 - 119.72|
|52 Week Range||76.84 - 119.72|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||41.86|
|Earnings Date||Jul 23, 2019|
|Forward Dividend & Yield||2.72 (2.51%)|
|1y Target Est||109.29|
Shares of Hasbro are higher this morning after the company reported earnings that beat estimates, citing higher demand for action toys because of Avengers: Endgame. Hasbro also saw strong sales from what are called its franchise brands, things like Monopoly, Play-Doh, and Magic: The Gathering.
(Bloomberg) -- Hasbro Inc. reported second-quarter profit and sales that exceeded analysts’ projections as shoppers snapped up Avengers and Aladdin toys following the latest blockbuster film releases. Shares surged to the highest intraday level on record.Revenue for the world’s largest publicly traded toymaker was $984.5 million, the second straight quarterly gain. Chief Financial Officer Deborah Thomas reiterated that Hasbro expects to return to profitable growth in 2019.Key InsightsThe company said its entertainment slate continued to improve, buoyed by the recent releases of “Avengers: Endgame” and “Aladdin,” whose toys it sells. Hasbro also has toy licenses for popular franchises such as “Frozen” and “Star Wars,” which will see new films this holiday season.Magic the Gathering led gains in revenue from Hasbro’s so-called franchise brands. Chief Executive Officer Brian Goldner told analysts he expects growth and “really substantial” engagement in the digital version of the game, Magic: the Gathering Arena, which will become available later this year.Hasbro also reported an improvement in its margins. The results show the company is finally recovering from the effects of Toys “R” Us’s liquidation -- a key hurdle for the company.Tariffs still represent an area of uncertainty: China-made toys are on the list of items that could be hit with duties if the U.S. and China don’t reach a trade deal. Goldner said just under two-thirds of its U.S. goods are currently produced in China, and that could drop to about 50% by the end of 2020.Market ReactionThe shares rose as much as 10% to $119.72, touching the highest level since at least 1980. The stock had gained 34% this year through Monday’s close.Get MoreFor more details, click here.For company statement, click here.To contact the reporter on this story: Joe Deaux in New York at email@example.comTo contact the editors responsible for this story: Anne Riley Moffat at firstname.lastname@example.org, Jonathan Roeder, Thomas MulierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
July 23 (Reuters) - Toymaker Hasbro Inc said on Tuesday it would raise product prices if the United States imposes additional tariffs on Chinese imports. "The unfortunate thing with tariffs, if they do come into play, is the consumers is ultimately going to feel that price pressure," Chief Financial Officer Deborah Thomas said in a post-earnings call. U.S. President Donald Trump and Chinese President Xi Jinping agreed last month to restart trade talks that were stalled in May.
Hasbro (NASDAQ: HAS ) reported second-quarter earnings of 78 cents per share, which beat the analyst consensus estimate of 5 cents by 56%. This is a 62.5% increase over earnings of 48 cents per share from ...
Hasbro (HAS) delivered earnings and revenue surprises of 52.94% and 1.84%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
U.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth. Coca-Cola Co shares rose 2.2% after the fizzy drink maker beat quarterly revenue for the ninth straight quarter and raised its revenue forecast for the full year, boosted by demand for its sparkling soft drinks and coffees. Industrial conglomerate United Technologies Corp gained 2.6% after raising its full-year profit and sales outlook, helped by an increase in demand for aircraft parts and spares.
Hasbro Inc. shares rose 3% in premarket trade Tuesday, after the My Little Pony maker blew past earnings estimates for the second quarter. Pawtucket, R.I.-based Hasbro said it had net income of $13.4 million, or 11 cents a share, in the second quarter, down from $60.3 million, or 48 cents a share, in the year-earlier period. Excluding an $85.9 million non-cash after-tax charge relating to a U.S. pension plan liability, the company had adjusted EPS of 78 cents a share, well ahead of the 50 cents FactSet consensus. Revenue rose 9% to $984.5 million, also ahead of the $958 million FactSet consensus. Chief Executive Brian Goldner said earnings were bolstered by positive consumer trends at retail and certain geographies and brand categories. "Importantly, we are well positioned for the holiday season with major brand initiatives across categories, including The Walt Disney Animation Studios' Frozen 2 and Lucas Films' Star Wars: The Rise of Skywalker which do not launch until the fourth quarter," he said in a statement. Shares have gained 34% in 2019, while the S&P 500 has gained 19%.
The toymaker has been tying up with movie studios such as Paramount Pictures and Walt Disney Co to boost sales of toys linked to big movie franchises as it recovers from the bankruptcy of retailer Toys 'R' Us. Revenue from partner brands, which includes tie-up with Disney, climbed 3% in the second quarter, while sales from Hasbro-owned brands, its largest business, gained 14%, mainly driven by Magic: the Gathering, Monopoly, Play-doh and Transformers toys. The toymaker also reaffirmed its full-year growth forecast, banking on the lineup of big movies such as "Star Wars" and "Frozen" and new products such as Fortnite-themed Nerf guns and games under Magic: The Gathering, Dungeons & Dragons.
Toymaker Hasbro Inc beat estimates for quarterly results on Tuesday, boosted by higher demand for action toys following the success of "Avengers: Endgame" and Magic: The Gathering collectible card game. Hasbro has been cashing in on tie-ups with movie studios such as Paramount Pictures and Walt Disney Co to boost sales of toys linked to big movie franchises as the company recovers from the bankruptcy of toy retailer Toys "R" Us last year. Revenue from franchise brands, its largest business, rose 14%, driven by Magic: the Gathering, Monopoly, Play-doh and Transformers toys.
PAWTUCKET, R.I.-- -- Second quarter 2019 revenues increased 9% to $984.5 million; Absent a negative $20.7 million impact of foreign exchange, second quarter 2019 revenues grew 11% Revenues increased 14% in the U.S. and Canada segment and 28% in the Entertainment, Licensing and Digital segment; International segment revenues declined 1%, but increased 5% absent a negative $20.1 million impact of foreign ...
NEW YORK, NY / ACCESSWIRE / July 23, 2019 / Hasbro, Inc. (NASDAQ: HAS ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on July 23, 2019 at 8:00 AM Eastern Time. ...
Toymaker Hasbro smashed Wall Street earnings estimates in the second quarter on the back of strength in North America. The company posted adjusted earnings per share of 78 cents vs. analysts' expectations of 50 cents. "We are well-positioned for the holiday season with major brand initiatives across categories, including The Walt Disney Animation Studios' "Frozen 2" and Lucas Films' "Star Wars: The Rise of Skywalker" which do not launch until the fourth quarter," said Deborah Thomas, Hasbro's chief financial officer, in a statement.
Investing.com - Hasbro (NASDAQ:HAS) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
US toymaker Hasbro on Tuesday said strong sales of its Avengers toys and Magic: The Gathering game helped it to upbeat second-quarter results even as it cautioned it would have to raise prices if the US implemented tariffs on Chinese products. Franchise brands revenues, which include Magic: The Gathering and Play-Doh, jumped 14 per cent from a year ago, while partner brands revenues rose 3 per cent. Hasbro shares jumped as much as 10 per cent to all-time high of $119.72 before trimming their gains to trade 7 per cent higher.
Hasbro, Inc. is returning to San Diego, California for 2019 Comic-Con International and is set to reveal an exciting new line-up of products drawn from its iconic brand portfolio.
Hasbro's (HAS) second-quarter 2019 results are likely to benefit from robust performance by the U.S. and Canada segment as well as Entertainment, Licensing and Digital segment.
Hasbro (HAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Pop! figure makers Funko Inc (NASDAQ: FNKO) shares were popping on Monday, and Stifel predicts the Buy-rated stock was the best of the toymakers in the second quarter. Stifel’s Drew Crum reiterated a Buy rating on Funko and raised the target price from $27 to $28.