Needham & Company Maintains a 'Buy' on Hasbro (HAS); G.I. Joe A No Go - Bumped to 2013
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Price: $47.41 +0.94%
Rating Summary:
3 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Rating Summary:
3 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Trade HAS Now!
Needham & Company maintains a 'Buy' on Hasbro (NASDAQ: HAS) price target of $39.00.
Analyst, Sean McGowan, said, "Paramount Studios and Hasbro have decided to move the release date for GI Joe: Retaliation from its June 29, 2012, release date to March 29, 2013. We had modest expectations for revenue, but believe this timing shift moves nearly $50-100mm in revenue from 2012 to 2013. We assume that Hasbro has not incurred costs on the product line that will have to be repeated next year, and that the shift in profits could be $0.08 to $0.16 per share. We are leaving our revenue and earnings estimates unchanged for both years, however, as we believe other products (notably Avengers) are performing better than expected this year, but conversely we are more conservative on the prospects for growth in Boys’ toys next year."
For an analyst ratings summary and ratings history on Hasbro click here. For more ratings news on Hasbro click here.
Shares of Hasbro closed at $34.59 yesterday, with a 52 week range of $31.36-$46.97.
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Analyst, Sean McGowan, said, "Paramount Studios and Hasbro have decided to move the release date for GI Joe: Retaliation from its June 29, 2012, release date to March 29, 2013. We had modest expectations for revenue, but believe this timing shift moves nearly $50-100mm in revenue from 2012 to 2013. We assume that Hasbro has not incurred costs on the product line that will have to be repeated next year, and that the shift in profits could be $0.08 to $0.16 per share. We are leaving our revenue and earnings estimates unchanged for both years, however, as we believe other products (notably Avengers) are performing better than expected this year, but conversely we are more conservative on the prospects for growth in Boys’ toys next year."
For an analyst ratings summary and ratings history on Hasbro click here. For more ratings news on Hasbro click here.
Shares of Hasbro closed at $34.59 yesterday, with a 52 week range of $31.36-$46.97.
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