Goldman Cuts Estimates, Targets on Mattel (MAT), Hasbro (HAS) Ahead of Q2 Results
Tweet Send to a FriendGet Alerts MAT Hot Sheet
Price: $46.17 -1.33%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 41 | New: 13
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 41 | New: 13
Trade MAT Now!
Goldman Sachs reduced estimates on both Mattel (NYSE: MAT) and Hasbro (NYSE: HAS) Friday morning ahead of the companies' second-quarter results on Tuesday, July 17th and Monday, July 23rd, respectively. The firm cited "tepid domestic industry trends, a further slowdown in Europe (where MAT/HAS generate 20-30% of sales) and the negative impact of foreign exchange translation."
The firm's FY12 EPS estimate for Mattel was lowered from $2.45 to $2.32, the FY13 estimate was reduced from $2.68 to $2.53 and the FY14 estimate moved from $2.92 to $2.75. Goldman reduced its price target on Mattel shares from $35 to $34.
Goldman Sachs now sees Hasbro reporting FY12, FY13 and FY14 EPS of $2.78, $2.72 and $3.00, down from prior estimates of $3.00, $2.97 and $3.35, respectively. The firm's target goes from $36 to $34.
Goldman maintains Neutral ratings on both companies.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm's FY12 EPS estimate for Mattel was lowered from $2.45 to $2.32, the FY13 estimate was reduced from $2.68 to $2.53 and the FY14 estimate moved from $2.92 to $2.75. Goldman reduced its price target on Mattel shares from $35 to $34.
Goldman Sachs now sees Hasbro reporting FY12, FY13 and FY14 EPS of $2.78, $2.72 and $3.00, down from prior estimates of $3.00, $2.97 and $3.35, respectively. The firm's target goes from $36 to $34.
Goldman maintains Neutral ratings on both companies.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UBS Raises PT on Tesoro (TSO)
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Goldman Sachs Upgrades Accenture plc (ACN) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Goldman Sachs, Hasbro
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
