Barclays Maintains an 'Equalweight' on Hasbro (HAS); 3Q11 Review: All Eyes on 4Q11
Tweet
Share
E-mailGet Alerts HAS Hot Sheet
Price: $93.33 -0.7%
Rating Summary:
17 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
17 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Hasbro (NASDAQ: HAS) price target of $48.00.
Barclays analyst says, "Following a noisy third quarter, we believe fourth quarter results this year will be a particularly important indicator of Hasbro's future direction. The company enters 4Q11 with US channel inventories down over 9%, the benefit of pushed-out shipments, and positive point-of-sales momentum. After three consecutive quarters of EPS misses, we expect all eyes will be on whether Hasbro can mark an inflection point for its business by the end of the year."
"We are adjusting our 2011E EPS to $2.93 from $2.89 (ex-tax and restructuring),
reflecting a flow-through of 3Q11 results and a higher 4Q11 est. ($1.25, from $1.19) driven by a lower share count. Our 2012E EPS falls to $3.40 from $3.45 due primarily to higher operating cost assumptions. We are establishing a 2013E EPS of $3.70, driven by 2.3% revenue growth, 59.0% gross margin, and 15.7% operating margin."
For more ratings news on Hasbro click here and for the rating history of Hasbro click here.
Shares of Hasbro closed at $34.99 yesterday.
Barclays analyst says, "Following a noisy third quarter, we believe fourth quarter results this year will be a particularly important indicator of Hasbro's future direction. The company enters 4Q11 with US channel inventories down over 9%, the benefit of pushed-out shipments, and positive point-of-sales momentum. After three consecutive quarters of EPS misses, we expect all eyes will be on whether Hasbro can mark an inflection point for its business by the end of the year."
"We are adjusting our 2011E EPS to $2.93 from $2.89 (ex-tax and restructuring),
reflecting a flow-through of 3Q11 results and a higher 4Q11 est. ($1.25, from $1.19) driven by a lower share count. Our 2012E EPS falls to $3.40 from $3.45 due primarily to higher operating cost assumptions. We are establishing a 2013E EPS of $3.70, driven by 2.3% revenue growth, 59.0% gross margin, and 15.7% operating margin."
For more ratings news on Hasbro click here and for the rating history of Hasbro click here.
Shares of Hasbro closed at $34.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Increasing unusual call option volume: AS CMPX HAS PLNT XP VWO MPC LSCC DUOT KEYS SPYI JETS
- Jefferies Starts Turtlemint Fintech Solutions (TURTLEMI:IN) at Buy
- Jefferies Starts Bajaj Housing Finance (BAJAJHFL:IN) at Hold
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, HasbroSign 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!
