Hasbro (HAS) Stock Holds Up Despite Miss, Expectations Muted
On Monday Hasbro (NASDAQ: HAS) reported Q2 EPS of $0.29, $0.06 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $766.3 million versus the consensus estimate of $793 million. Hasbro also announced an amendment to its partnership with Disney (NYSE: DIS).
Commenting, Goldman's Michael Kelter said, "We see the direction of HAS shares as unclear. While the company clearly missed and SG&A controls were disappointing, we believe expectations were likely muted in light of Mattel' (Nasdaq: MAT) recent miss and several other negative industry headlines."
Goldman Sachs has a Sell rating on Hasbro with a price target of $41.00
For an analyst ratings summary and ratings history on Hasbro (NASDAQ: HAS) click here. For more ratings news on Hasbro click here.
Shares of Hasbro closed at $45.38 yesterday, with a 52 week range of $33.25-$48.97.
Commenting, Goldman's Michael Kelter said, "We see the direction of HAS shares as unclear. While the company clearly missed and SG&A controls were disappointing, we believe expectations were likely muted in light of Mattel' (Nasdaq: MAT) recent miss and several other negative industry headlines."
Goldman Sachs has a Sell rating on Hasbro with a price target of $41.00
For an analyst ratings summary and ratings history on Hasbro (NASDAQ: HAS) click here. For more ratings news on Hasbro click here.
Shares of Hasbro closed at $45.38 yesterday, with a 52 week range of $33.25-$48.97.