Hasbro (HAS) reported quarterly earnings results on Monday, Jul-18-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.39. The company posted revenue of $878.90 million in the period, compared to analysts expectations of $859.30 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Hasbro. Piper Jaffray Downgraded Hasbro on May 10, 2016 to ” Neutral”, Price Target of the shares are set at $88.
Hasbro opened for trading at $85.4 and hit $85.74 on the upside on Friday, eventually ending the session at $85.5, with a gain of 0.28% or 0.24 points. The heightened volatility saw the trading volume jump to 14,18,569 shares. Company has a market cap of $10,662 M.
Investors should note that on May 19, 2016, Hasbro announced a cash dividend of $0.5100. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Aug 15, 2016.
In a different news, on May 31, 2016, Duncan Billing (EVP, Chief Gbl Ops & Bus Dvpmt) sold 3,514 shares at $87.27 per share price. According to the SEC, on May 25, 2016, John Frascotti (President, Hasbro Brands) sold 36,170 shares at $87.00 per share price. On May 24, 2016, Wiebe Tinga (EVP & Chief Commerical Officer) sold 25,000 shares at $85.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Hasbro Inc. (Hasbro) through its wholly owned Hasbro Studios LLC (Hasbro Studios) creates entertainment brand storytelling across mediums including television film and among others. Its brand blueprint involves re-imagining re-inventing and re-igniting its owned and controlled brands and imagining inventing and igniting new brands through toy and game innovation immersive entertainment offerings including television programming and motion pictures and a range of products ranging from traditional to digital. The Company markets its brands under product categories which include boys games girls and preschool toys. The Companys business operations include United States Canada International Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP MONOPOLY MY LITTLE PONY NERF PLAY-DOH and TRANSFORMERS.