Hasbro Inc (NASDAQ:HAS) Declares Stellar Results

Posted by Beth Hart October 22, 2013 0 Comment 908 views

Hasbro, Inc (NASDAQ:HAS)’s 2013 Q3 results beat analyst projections. The company reported earnings per share of $1.31 which topped the average analysts’ estimate of $1.27 by 3.2 percent. A year ago, the earnings per share was $1.24/share. The company had better-than-projected top-line growth. This along with expansion of the operating margin resulted in the healthy results. Y-o-Y, the company reported EPS of $1.46 which was up by 17.7%. This figure is inclusive of tax-adjustments, partial pension-settlement charges and restructuring charges.

Strong growth

Hasbro, Inc (NASDAQ:HAS) net revenue of $1.37B rose by 2% from the same quarter of 2012 and topped the analyst’ estimates of $1.34B by 2.2%. There was significant growth in the Games and Girls segments which was offset to a certain degree with a not-too-healthy performance in the Boys segment, which typically accounts for approximately 1/3rd of the total revenue. The revenues are inclusive of a +$3.8M impact from the translation in currency.

Monday’s trading

In Monday’s trading, Hasbro, Inc (NASDAQ:HAS) rose by 5.25%. The opening price of the shares was $48.93, which climbed to an intraday high of $51.68 and dipped to a close of $49.72. Approximately 5.34M shares exchanged hands on Monday while an average volume of 1.36M shares were traded over a period of 30 days. The 52-week low of Hasbro, Inc (NASDAQ:HAS) shares are $34.91 and the 52-week high is $51.68. The company has a market capitalization of $6.45 billion.

About the company

Hasbro, Inc (NASDAQ:HAS) is involved in providing children’s & family leisure-time products with a broad portfolio of entertainment properties and brands. Its brand-architecture identifies franchise-brands, challenger-brands, key-partner brands as well as new brands. Franchise & challenger brands include numerous well-known brands like the TRANSFORMERS, G.I. JOE, LITTLEST PET SHOP, NERF, BABY ALIVE, MONOPOLY, MY LITTLE PONY, PLAY-DOH, and MAGIC: THE GATHERING, and PLAYSKOOL.

About Beth Hart

Beth is from New York. She has two master’s degrees and served as a lecturer in B-School. Her master’s degree is an MBA in Global Management from the University of Phoenix (2010). She has worked for small businesses, public agencies, and large corporations. She does write articles as a freelancer.

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