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Hasbro Inc. (HAS) is scheduled to report its Q2 2012 results on July 23, 2012, before the market opens. The street expects EPS and revenue of $0.24 and $830.09M, respectively.

In this article I will recap the historical results of the company, its latest EPS estimates vs. surprises, the latest news from HAS and the news from its closest competitors.

Hasbro Inc. Revenue and Net Income History

Recent EPS Actuals vs. Estimates

In the last quarter Hasbro reported $0.04 EPS, failing to meet analyst estimates of $0.08.

Hasbro Inc. EPS Historical Results vs Estimates

The consensus EPS estimate is $0.24 based on 14 analysts' estimates, down from $0.33 a year ago. Revenue estimates are $830.09M, down from $908.45M a year ago. The median target price by analysts for the stock is $35.50.

Average recommendation: Hold

Source: Marketwatch

Analyst Upgrades and Downgrades

  • On February 7, 2012, Barclays Capital reiterated Equal Weight rating for the company.

Latest News

  • On July 18, 2012, DeNA Co., Ltd. and Hasbro Inc announced that they have entered into an exclusive three-year agreement to develop and publish mobile games based on the TRANSFORMERS franchise.
  • On May 17, 2012, Hasbro Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per common share. The dividend will be payable on August 15, 2012 to shareholders of record at the close of business on August 1, 2012.
  • On April 24, 2012, Hasbro Inc announced that for fiscal 2012, it continue to believe, absent the impact of foreign exchange, the Company will again grow revenues and earnings per share.
  • On April 5, 2012, Hasbro Inc announced a multi-year deal with Netflix, Inc.Ten franchises, including new and catalog seasons of famed Hasbro content, will be available to instantly watch on Netflix.
  • On March 6, 2012, Reuters reported that Hasbro Inc is cutting about 170 jobs as the company tries to recover from sluggish sales during the holiday season. 82%, or 140, of the job cuts are in the United States.
  • On February 10, 2012, Reuters reported that Hasbro Inc and Zynga Inc would join forces to develop toys and games based on Zynga games such as FarmVille. Hasbro would pay for the license to make products based on Zynga's games including CityVille and Mafia Wars, which are popular on social media website Facebook.
  • On February 10, 2012, Hasbro Inc announced that it has entered into agreement with CBS Consumer Products to manufacture and globally market a variety of products based on the STAR TREK property beginning in 2013.
  • On February 6, 2012, Hasbro Inc announced that beyond fiscal 2012 it expects operating profit (EBIT) to grow faster than revenues. In fiscal 2012, it expects only modest operating profit growth as the Company has rebuilt the US and gaming businesses.
  • On February 2, 2012, Hasbro Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per common share, an increase of $0.06 per share, or 20%, from the previous quarterly dividend of $0.30 per common share.

Competitors

JAKKS Pacific (JAKK), LeapFrog Enterprises (LF), and Mattel (MAT) are considered major competitors for Hasbro and the table below provides the key metrics for these companies and the industry.

Hasbro Inc. key ratio comparison with direct competitors

The chart below compares the stock price changes as a percentage for the selected companies and S&P 500 index for the last one year period.

(click to enlarge)HAS Chart

HAS data by YCharts

Competitors' Latest Development

  • On July 17, 2012, JAKKS Pacific Inc. announced that for fiscal 2012, it expects net sales of 6.2% to 7.4% to approximately $720 million to $728 million, with revised diluted earnings per share in the range of approximately $1.04 to $1.08, giving effect to the repurchase of common stock pursuant to the self-tender and the related anticipated financing costs and excluding the financial and legal advisory fees.
  • On July 17, 2012, LeapFrog Enterprises, Inc. announced that Ray Arthur has joined the Company as Chief Financial Officer.
  • On July 17, 2012, Mattel, Inc. announced that its Board of Directors declared a third quarter cash dividend of $0.31 per share on the Company's common stock. The dividend will be payable on September 21, 2012, to stockholders of record on August 29, 2012.
  • On July 6, 2012, LeapFrog Enterprises, Inc. announced that Chief Financial Officer Mark A. Etnyre has resigned from the Company in order to spend more time with his family and pursue personal interests.
  • On July 3, 2012, JAKKS Pacific Inc. announced the final results of its self-tender offer, which expired on June 27, 2012. Based on the final count by the depositary for the self-tender offer, a total of 20,710,940 shares of common stock were validly tendered.
  • On June 18, 2012, Reuters reported that private equity firm Oaktree Capital Management LP terminated talks over a standstill pact with JAKKS Pacific Inc. after failing to agree on terms.
  • On June 13, 2012, LeapFrog Enterprises, Inc. announced a new partnership to bring a range of stationery and activity products to market this July and just in time for back-to-school.
  • On May 25, 2012, JAKKS Pacific Inc. announced that it has commenced an offer to its shareholders to purchase up to 4,000,000 shares of its common stock at a price of $20 per share.
  • On May 3, 2012, LeapFrog Enterprises, Inc. announced that for fiscal 2012, it expect net sales to increase by 10%-13% compared to 2011. Net income per diluted share (EPS) to be in the range of $0.52-$0.57. For the second quarter of 2012, it expects net sales to increase by 17%-22% compared to the second quarter of 2011.
  • On April 18, 2012, JAKKS Pacific Inc. announced that for fiscal 2012, it continues to expect an increase in net sales of 6.2% to 7.4% to approximately $720 million to $728 million, with diluted earnings per share in the range of approximately $1.01 to $1.07, excluding any financial and legal advisory fees.
  • On April 16, 2012, Mattel, Inc. announced that the Board of Director declared a second quarter cash dividend of $0.31 per share on the Company's common stock. The dividend will be payable on June 15, 2012 to stockholders of record on May 23, 2012.
  • On March 29, 2012, Mega Brands Inc. announced a multi-year global licensing partnership with Mattel, Inc. to develop construction toys based on the iconic kids brands, Barbie and Hot Wheels.
  • On February 21, 2012, JAKKS Pacific Inc. announced that the Board of Directors has declared a regular quarterly cash dividend of $0.10 per common share. The dividend is payable on April 2, 2012, to shareholders of record at the close of business on March 15, 2012.
  • On February 15, 2012, JAKKS Pacific Inc. announced a license agreement with Khush, a leading developer of intelligent music applications, to create an innovative new product inspired by the best-selling "Songify" app.
  • On February 9, 2012, LeapFrog Enterprises, Inc. announced that for fiscal 2012, it expects net sales to increase by 6% to 8% compared to 2011. Net income per diluted share to be in the range of $0.40 to $0.45. For the first quarter of 2012, it expect net sales to increase by 20% to 30% compared to the first quarter of 2011 and Net loss per share to be in the range of $0.26 to $0.30. The Company reported revenues of $455 million in fiscal 2011 and revenues of $39.68 million in the first quarter of 2011.
  • On February 1, 2012, Mattel, Inc. announced that it completed the acquisition of HIT Entertainment from a consortium of funds led by Apax Partners for $680 million in cash.
  • On January 31, 2012, Mattel, Inc. announced that its Board of Directors declared a first quarter cash dividend of $0.31 per share on the Company's common stock. The dividend will be payable on March 9, 2012, to stockholders of record on February 23, 2012.

Technical Overview


The stock has a market capitalization of $4.31B and is currently trading at $33.58 with a 52 week range of $31.36 - $40.78. The stock's year-to-date performance has been 6.26%. It is currently trading above 20 SMA, but below 50 and 200 SMA.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: Hasbro Earnings Preview