Needham & Company Maintains a 'Buy' on Hasbro (HAS); The Avengers To The Rescue
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Price: $96.70 --0%
Rating Summary:
17 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on Hasbro (NASDAQ: HAS) price target of $42.00.
Analyst, Sean McGowan, said, "The company has already cautioned that several factors this year would result in 1Q results being weaker than usual relative to the full year, including faster growth outside the US, where shipments occur later; greater royalty revenues, which lag actual product sales; and the fact that 1Q’12 will be a 14-week fiscal quarter, with the extra week adding more in expenses than in revenue. As a result of these factors, and currency exchange rate pressure, we would not be surprised to see 1Q results come in below our estimate. On the other hand, we believe that early shipments of products tied to The Avengers movie have begun, and we expect that they have been solid so far. Our current estimate is for sales to be up 1.5% to $682 mm and EPS to be $0.10, vs. $0.12 last 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 $36.18 yesterday.
Analyst, Sean McGowan, said, "The company has already cautioned that several factors this year would result in 1Q results being weaker than usual relative to the full year, including faster growth outside the US, where shipments occur later; greater royalty revenues, which lag actual product sales; and the fact that 1Q’12 will be a 14-week fiscal quarter, with the extra week adding more in expenses than in revenue. As a result of these factors, and currency exchange rate pressure, we would not be surprised to see 1Q results come in below our estimate. On the other hand, we believe that early shipments of products tied to The Avengers movie have begun, and we expect that they have been solid so far. Our current estimate is for sales to be up 1.5% to $682 mm and EPS to be $0.10, vs. $0.12 last 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 $36.18 yesterday.
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