13.77 -0.01 (-0.07%)
After hours: 5:55PM EDT
|Bid||13.50 x 5000|
|Ask||13.88 x 500|
|Day's Range||12.55 - 13.78|
|52 Week Range||12.21 - 23.12|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.17|
Despite a poor quarterly result from competitor Hasbro, shares of Mattel are moving higher after management believes the worst will be over during the first half of 2018.
In addition to anticipated problems stemming from the Toys ‘R’ Us liquidation, Hasbro Inc. said “inventory overhang” in Europe drove down revenue in the company’s first-quarter results. Hasbro (HAS) reported revenue of $716.3 million, down from $849.7 million last year and below the $816.0 million FactSet consensus. The company was prepared for a hit from Toys ‘R’ Us, and other issues piled on, contributing to the decline.
Hasbro, Inc. (NASDAQ: HAS) is down over 7% in early trading following the release of its Q1 2018 earnings results. Here’s a quick breakdown of some of the most notable statistics from its three-month period ended April 1, 2018, compared with its three-month period ended April 2, 2017:Metric Q1 2018Q1 2017ChangeRevenue$716.34 million$849.66 million(15.7)%Adjusted net earnings$12.37 million$68.60 million(82.0)%Adjusted earnings per share (EPS)$0.10$0.54(81.5)%Net cash provided by operating activities$317.74 million$411.93 million(22.9)%
NEW YORK, NY / ACCESSWIRE / April 23, 2018 / Shares of Mattel sank last week on news that the company's CEO is leaving the company for Ancestry. The company's CEO Margo Georgiadis' departure is effective ...
If there is anything to glean from all the pay ratio disclosures, it’s that there needs to be more consistency in how they are calculated and reported before they can be useful to investors. When the Securities and Exchange Commission adopted the pay ratio rule nearly three years ago, in which companies were required to report how the annual total compensation of the chief executive officer compares with the median of the annual total compensation of their employees, the idea was to provide more insight into income inequality. One problem that arises is that companies only count what each employee is paid during the year, while CEO compensation could include estimates of market value of unvested stock options and other benefits, such as security measures for a CEO’s residence.
Gerald Storch, Storch former Toys R Us CEO, weighs in on the toy sector as Hasbro and Mattel report quarterly earnings.
The "Squawk on the Street" crew talks about Hasbro's earnings as shares fall sharply after quarterly operating earnings missed Street expectations.
CNBC's Courtney Reagan reports on Hasbro's quarterly miss as the toy business remains in flux while Toys R Us winds down and Mattel announces its third chief executive in two years.