Hasbro
HAS was upgraded by Zacks from "underperform" to "netural".
Rating agency Moody's downgraded Hasbro to "stable" from "positive". The company cited weak fourth quarter sales and higher than expected inventories that resulted from the weak credit market. Moody's also confirmed Hasbro's Baa2 long-term rating (moderate credit risk, medium grade).
Hasbro announced that its Q4 2010 earnings was $140 million, or 99 cents per share, down 16% from $165.6 million, or $1.09 per share, a year earlier. However, analysts were expecting just 93 cents. The company's revenue declined by 7% due to weaker board game sales.
Hasbro announced that its Q4 sales were weaker than expected because consumers bought fewer toys over the holiday season than what was expected. The company expects to report a 7% decline in sales for the quarter.
Hasbro announced that it was voluntarily moving its stock exchange listing from the NYSE to the NASDAQ Global Select Market. Hasbro's CFO claims the move was consistent with the company's desire to re-image its business.
Hasbro announced that its Q3 2010 earnings was $155.2 million, or $1.09 per share, up 3% compared with $150.4 million, or 99 cents per share in the previous year's quarter. The company's net sales increased by 3% due to strong sales from its preschool toys segment.
HAS reported that it's Q2 2010 earnings were $43.6 million, or 29 cents per share, an increase of 11% compared to earnings of $39.9 million or 26 cents per share in the prior year quarter. However, revenues fell 7% to $737.8 million as a result of the non-reoccurance of sales from the hit movies Transformers and G.I. Joe. Analysts were predicting revenues of $748.3 million.
On January 24, Hasbro announced that it was not holding any talks to sell the company, even though it had been approached by Providence Equity Partners.
A Wedbush analyst cut estimates on toy makers due to the weakening Euro and slowing overseas growth. He kept a Outperform rating on Hasbro.
Hasbro announced that its Q1 2010 earnings was $58.9 million, or 40 cents per share, from $19.7 million, or 14 cents per share. Total revenues was up 8% and the company had increases in revenue in all of its business categories.
HAS reported that its Q4 2009 earnings were $165 million or $1.09 a share, up from $94 million or 62 cents a share a year ago. The increase in profit was due laregly to the success of the G.I. Joe and Trasnsformer movies and toys. Analysts were expecting earnings to be 81 cents per share.
HAS announced that its Q3 2009 earnings was $150 million (or 99 cents/share), up 8.8% from $138 million (or 89 cents/share) a year ago. The increase in net income was due to cost savings and was offset by a fall in net sales. Despite the positive numbers, shares fell due to normal profit taking.
HAS announced that its Q2 2009 earnings rose 5% compared to a year ago. Strong sales of G.I. Joe and Transformers toys increased revenue
HAS announced that it would team up with Discovery to make a new children's TV network to compete with Disney's Nickelodeon.
For Q4 2008, Hasbro announced all common shareholders would receive $0.20/share in dividends, on par with analyst expectations.
For Q4 2008, Hasbro anounced a dividend of $0.2 per share for all common shareholders, on par with analyst expectations.
Revenue increased 6% during the quarter, driven by 6% growth in the U.S. and Canada market and an additional 9% growth in its international segment. Additionally, Hasbro's net income increased by almost 4.7% during the quarter, reaching $138.2 million.
After Hasbro filed suit against Scrabulous, a Facebook application very similar to the game of Scrabble ( Hasbro owns the intellectual property of Scrabble). As a result, the applciation has been disabled in the US and Canada.
Hasbro earned revenues of $704.2 million in Q1, an increase of $78.9 million or 13% compared to $625.3 million a year ago.
Hasbro has had strong growth in both its boys and girls division, with revenue up 29% and 23% respectively for the quarter, which resulted in top line growth of 13% to $704.3 million for the first quarter of 2008.
Hasbro acquired the intellectual property rights for the Trivial Pursuit board game from the Horn Abbot Companies for $80 million.
Hasbro has signed with Universal Pictures to produce at least four movies based on the board games Battleship, Monopoly, Ouija, and Candy Land. The movies will be released throughout 2010 and 2011.
Hasbro reported 4Q 2007 results on February 11, 2008. Shares rose on a 24% increase in profits from the same period a year before. The company was able to avoid recalls due to lead based paint, which helped earnings this quarter.
Hasbro announced its third quarter earnings results on October 22nd. The company had a very strong quarter with quarterly profit rising 62% over the same period in 2006. Shares rose 4.33% in the days following the announcement.
Hasbro announces first quarter 2007 revenues up 36% in the North America segment and up 29% in the International segment.
