Hasbro 2012 Guidance Appears Shy of Analyst Views (HAS)

Hasbro 2012 Guidance Appears Shy of Analyst Views (HAS)

RSS

On Friday toy and game manufacturer Hasbro, Inc. (HAS) announced its full-year 2012 earnings expectation, which are below analysts’ views.

The Rhode Island-based company said that it is expecting earnings per diluted share to be in the range of $2.73 to $2.75. This forecast includes fourth quarter restructuring costs and the negative impact of foreign exchange. Without the impact of foreign exchange, earnings are expected to be between $2.83 and $2.85 per share.

The company’s guidance is below the Wall Street outlook, which predicts Hasbro to earn $2.85 per share for 2012.

The maker of Hasbro, Tonka, and Milton Bradley games and toys believes full year 2012 sales will be $4.09 billion, down from $4.29 billion in 2011. Analysts are predicting sales to be $4.21 billion.

“We fundamentally believe our strategy is sound and we remain confident in our ability to drive profitable long-term growth through brand innovation,” said Deb Thomas, Chief Financial Officer. “We believe a reduction in ongoing costs in a challenging environment will deliver the greatest long-term return to our shareholders.”

Hasbro will release its fourth quarter and full year 2012 earnings report on February 4th.

Hasbro shares were down 97 cents, or -2.52%, during morning trading on Friday. The stock is up +6.54% over the past year.

The Bottom Line
Shares of Hasbro (HAS) have a 3.75% dividend yield, based on last night’s closing stock price of $38.45. The stock has technical support in the $35-$36 price area. If the shares can firm up, we see overhead resistance around the $40-$41 price levels.

Hasbro, Inc. (HAS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today