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HAS

Hasbro

$120.11

-1.78 (-1.46%)

06:39
10/22/19
10/22
06:39
10/22/19
06:39

Hasbro CEO says 'on track to deliver profitable revenue growth in 2019'

"Hasbro remains on track to deliver profitable revenue growth in 2019, behind innovation in gaming, toys and around Hasbro's Brand Blueprint. However, as we've communicated, the threat and enactment of tariffs reduced revenues in the third quarter and increased expenses to deliver product to retail," said Brian Goldner, Hasbro's chairman and CEO. "The team drove continued growth in the Wizards of the Coast gaming brands, MAGIC: THE GATHERING and DUNGEONS & DRAGONS, and delivered significant new holiday initiatives. To start the fourth quarter, we are seeing a strong consumer response to the global launch of Hasbro's line for Disney's Frozen 2 and Star Wars: The Rise of Skywalker as well as the U.S. launch of the new NERF Ultra." "In addition, we are pleased with the progress toward completing our acquisition of eOne, including last week's overwhelming approval by eOne shareholders. We expect to close the transaction during the fourth quarter," continued Goldner. "The strategic opportunity to bring onboard the brands, capabilities and talent from eOne is compelling to our long-term prospects as a leading global play and entertainment company and we look forward to sharing more about our plans after the close." "Hasbro's global teams are executing within a dynamic trade environment that is impacting the timing of revenues, driving incremental expenses and putting upward pressure on our underlying tax rate," said Deborah Thomas, Hasbro's CFO. "In addition, third quarter operating profit was negatively impacted versus last year from lower Entertainment, Licensing and Digital segment margins, a higher revenue mix of lower margin Partner Brands and incremental shipping and warehousing costs which partially offset our cost savings. We anticipate disruption throughout the remainder of 2019 as retailers work to manage costs and inventory and we are working to mitigate the impact on consumers this holiday season. Our teams are delivering an innovative slate across demographics and categories, including in digital gaming, that we are supporting with robust marketing programs and investment. Hasbro's financial position is strong and we ended the quarter with $1.1 billion in cash on our balance sheet."

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    Oct

HAS Hasbro
$120.11

-1.78 (-1.46%)

07/26/19
ARGS
07/26/19
UPGRADE
Target $145
ARGS
Buy
Hasbro upgraded to Buy from Hold at Argus
Argus analyst John Staszak upgraded Hasbro to Buy with a price target of $145, citing the company's dominant position with a range of "strong" brands as well as in the big-screen business. The analyst contends that the stock is an "attractive investment for growth-income investors" as it works to expand its business in Asia Pacific and other emerging markets, also raising his FY19 EPS view by 25c to $4.65 and FY20 view by 20c to $5.20.
07/26/19
07/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) and Citi (C) upgraded to Outperform from Market Perform at Keefe Bruyette. 2. Ambev (ABEV) upgraded to Neutral from Underweight at JPMorgan with analyst Lucas Ferreira saying the post-earnings share rally shows that investors are chasing good growth stories to play Brazil's economic recovery. 3. West Pharmaceutical (WST) upgraded to Neutral from Underperform at BofA/Merrill with analyst Derik de Bruin saying that over the course of the first half, the company addressed his prior concerns around organic revenue growth and product mix trends while also boosting its operating margins and generating higher free cash flows. 4. Union Pacific (UNP) upgraded to Overweight from Neutral at Atlantic Equities, while CSX (CSX) was upgraded to Neutral from Underweight. 5. Hasbro (HAS) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's dominant position with a range of "strong" brands as well as in the big-screen business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/23/19
DADA
08/23/19
NO CHANGE
Target $138
DADA
Buy
Mattel could decline after Hasbro deal for Entertainment One, says DA Davidson
DA Davidson analyst Linda Bolton Weiser said Mattel (MAT) shares could decline as "it's now clear there will not be a HAS/MAT deal" following Hasbro's (HAS) agreement to acquire Entertainment One for $4B in cash. For Hasbro, she estimates the deal is at least 22c accretive to her 2020 EPS estimate, adding that eOne will give the company strong preschool properties and will let it unlock franchise economics across platforms. Weiser has a Buy rating and $138 price target on Hasbro shares.
09/10/19
JEFF
09/10/19
NO CHANGE
Target $130
JEFF
Buy
Hasbro shares can rally over 40% within two years, says Jefferies
Two "powerful, higher-margin engines" can drive shares of Hasbro higher by 40%-plus over the next one-to-two years, Jefferies analyst Stephanie Wissink tells investors in a research note. The analyst sees digital gaming and eOne media platform integration driving Hasbro's earnings growth higher. Further, modest core toy sales growth should generate cash flow to support investment, debt deleveraging, and the dividend, says Wissink. She reiterates Hasbro as a "Franchise Pick" with a Buy rating and $130 price target.

TODAY'S FREE FLY STORIES

DPLO

Diplomat Pharmacy

$3.06

-3.14 (-50.65%)

04:59
11/13/19
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ELF

e.l.f. Beauty

$18.42

1.62 (9.64%)

04:58
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04:58
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e.l.f. Beauty rating change  »

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  • 12

    Dec

INFN

Infinera

$5.40

0.13 (2.47%)

04:57
11/13/19
11/13
04:57
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04:57
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Infinera rating change  »

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  • 09

    Dec

MOS

Mosaic

$20.94

0.01 (0.05%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Downgrade
Mosaic rating change  »

Mosaic downgraded to…

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  • 13

    Nov

AMSF

Amerisafe

$67.65

0.45 (0.67%)

04:55
11/13/19
11/13
04:55
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04:55
Conference/Events
Amerisafe management to meet with JMP Securities »

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  • 13

    Nov

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    Nov

ACLS

Axcelis

$22.51

0.13 (0.58%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Axcelis management to meet with DA Davidson »

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03/08/13
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03/06/13
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  • 13

    Nov

AWI

Armstrong World

$97.11

0.91 (0.95%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Armstrong World management to meet with KeyBanc »

Meetings to be held in…

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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

APTV

Aptiv

$95.22

-0.82 (-0.85%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Aptiv management to meet with Piper Jaffray »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

KURA

Kura Oncology

$15.64

0.09 (0.58%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Kura Oncology management to meet with JMP Securities »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

PE

Parsley Energy

$16.65

-0.34 (-2.00%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Parsley Energy management to meet with Piper Jaffray »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

CEMI

Chembio Diagnostics

$4.39

-0.065 (-1.46%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Chembio Diagnostics management to meet with Benchmark »

Meeting to be held in the…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

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    Nov

SHOO

Steven Madden

$43.16

-0.18 (-0.42%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Steven Madden management to meet with KeyBanc »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

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    Dec

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    Dec

ANET

Arista Networks

$193.99

2.86 (1.50%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Arista Networks management to meet with Piper Jaffray »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

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  • 19

    Nov

  • 09

    Dec

  • 09

    Dec

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
SunTrust hosted company meetings at conference »

SunTrust Hosted…

04:55
11/13/19
11/13
04:55
11/13/19
04:55
General news
Treasury Budget to be reported at 14:00 »

October Treasury Budget…

04:55
11/13/19
11/13
04:55
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CPI to be reported at 08:30 »

October CPI will be…

04:55
11/13/19
11/13
04:55
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IDCC

InterDigital

$57.86

0.33 (0.57%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
InterDigital management to meet with Sidoti »

Meeting to be held in New…

03/08/13
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03/08/13
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03/06/13
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  • 13

    Nov

ADC

Agree Realty

$73.69

-0.58 (-0.78%)

, AMH

American Homes 4 Rent

$25.68

-0.16 (-0.62%)

04:55
11/13/19
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04:55
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Conference/Events
Mizuho holds company meetings at conference »

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ADC

Agree Realty

$73.69

-0.58 (-0.78%)

AMH

American Homes 4 Rent

$25.68

-0.16 (-0.62%)

AVB

AvalonBay

$208.93

-1.6 (-0.76%)

BRX

Brixmor

$21.51

-0.16 (-0.74%)

BXP

Boston Properties

$135.62

-2.94 (-2.12%)

DOC

Physicians Realty Trust

$18.22

0.02 (0.11%)

EGP

EastGroup Properties

$129.85

-0.81 (-0.62%)

ESS

Essex Property Trust

$308.96

-4.84 (-1.54%)

FRT

Federal Realty

$130.18

-1.16 (-0.88%)

GLPI

Gaming and Leisure Properties

$42.06

-0.46 (-1.08%)

HCP

HCP

$0.00

(0.00%)

HIW

Highwoods Properties

$45.78

-0.49 (-1.06%)

KIM

Kimco Realty

$20.73

-0.16 (-0.77%)

LTC

LTC Properties

$46.18

-0.49 (-1.05%)

MAA

MAA

$131.54

-1.31 (-0.99%)

MHI

Morrison Mgmt Specialist

$12.07

0.005 (0.04%)

MPW

Medical Properties Trust

$19.79

-0.12 (-0.60%)

O

Realty Income

$75.73

-0.8 (-1.05%)

OFC

Corporate Office Properties

$28.91

-0.24 (-0.82%)

OHI

Omega Healthcare

$41.18

0.12 (0.29%)

STOR

Store Capital

$39.00

-0.265 (-0.67%)

TCO

Taubman Centers

$34.79

-0.53 (-1.50%)

TRNO

Terreno Realty

$55.16

-0.35 (-0.63%)

03/08/13
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03/06/13
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  • 05

    Feb

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    Feb

CSV

Carriage Services

$24.64

0.37 (1.52%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Carriage Services management to meet with Barrington »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

DASTY

Dassault Systemes

$0.00

(0.00%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Dassault Systemes to hold a meeting »

Life Sciences Day to be…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

SHW

Sherwin-Williams

$587.64

8.33 (1.44%)

04:55
11/13/19
11/13
04:55
11/13/19
04:55
Conference/Events
Sherwin-Williams management to meet with Buckingham »

Meeting to be held in the…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

04:55
11/13/19
11/13
04:55
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04:55
Conference/Events
Wolfe Research tech strategist to hold a webcast »

Technology Strategist…

04:55
11/13/19
11/13
04:55
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04:55
General news
CPI less food & energy- to be reported at 08:30 »

October CPI less food…

04:55
11/13/19
11/13
04:55
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General news
Breaking General news story  »

Federal Reserve Chairman…

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