Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Hasbro, Inc.
  6. News
  7. Summary
    HAS   US4180561072

HASBRO, INC.

(HAS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hasbro : sales growth poised to outpace Mattel as TV, film businesses rebound

07/23/2021 | 01:13pm EDT
FILE PHOTO: Illustration photo of a Monopoly board game by Hasbro Gaming

(Reuters) - Hasbro Inc is expected to overtake Mattel Inc in quarterly sales growth for the first time since the start of the pandemic, as the return of Marvel superheroes boosts toy sales and its TV and film productions come back on track.

The Monopoly board game maker, which will report second-quarter results on Monday, has high hopes for its Entertainment One unit, the studio behind "Peppa Pig", that returned to growth after a year of heavy COVID-19 production constraints.

The release of "The Falcon and the Winter Soldier" and "Black Widow" is also expected to contribute to an estimated 34.7% increase in Hasbro's second-quarter revenue through sales of toys based on the popular franchises.

Meanwhile, second-quarter sales growth at Mattel is expected to slow to 19.2% from 47.2% in the first quarter.

"I can see Hasbro taking back some of that share it lost to Mattel, with the sales it will get with the new movies releasing this year," said Jackie Breyer, publisher of trade magazine "The Toy Book".


Graphics: Sales Performance: Hasbro vs. Mattel:

THE CONTEXT

The shutdown of TV and film production and the lack of toy sales tied to big movie releases, on which Hasbro depends more than its rival Mattel, led to a 29% drop in pro-forma revenue in the year-earlier second quarter despite higher demand for games like "Jenga" and "Twister".

Analysts expect Hasbro to provide an outlook for the holiday season as supply disruptions and price increases cause uncertainty over what consumer demand will look like during the crucial shopping period.


Graphics: Hasbro segment-wise revenue estimates:

FUNDAMENTALS

* Hasbro is expected to report revenue of $1.16 billion, according to the mean estimate from 12 analysts, based on Refinitiv data.

* Earnings per share is estimated at 47 cents per share.

* Hasbro shares have lost 0.3% year-to-date

(Graphics: Hasbro vs. Mattel:

)

WALL STREET SENTIMENT

* The average analyst rating on shares is "buy", with a median 12-month price target of $112.

(Reporting by Uday Sampath in Bengaluru; Editing by Anil D'Silva)

By Uday Sampath Kumar


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HASBRO, INC. -1.23% 97.53 Delayed Quote.5.56%
MATTEL, INC. -0.97% 20.38 Delayed Quote.16.79%
All news about HASBRO, INC.
09/15HASBRO : Redeems 2.60% Notes Due Nov. 19, 2022
MT
09/15Hasbro, Inc. Redeems 2.60% Notes Due November 19, 2022
CI
09/15HASBRO : CORRECTING and REPLACING Hasbro Redeems 2.60% Notes due November 19, 20..
BU
09/08HASBRO : to Participate in the Goldman Sachs 30th Annual Communacopia Conference
BU
09/01GAMASUTRA-TRANSFORMERS TAKE TO THE S : Legends
AQ
08/27HASBRO : S&P Revises Hasbro Outlook To Positive from Stable On Faster-Than-Antic..
MT
08/24HASBRO : Teams Up With Vrbo's NERF Brand, Expands Partnership With PlayMonster
MT
08/24MAGIC : The Gathering Announces Limited-Edition Fortnite and Street Fighter Sets..
BU
08/24HASBRO : and Vrbo team up to offer the chance to book decked out lake house feat..
PR
08/24Hasbro, Inc. and Vrbo Team Up to Offer the Chance to Book Decked Out Lake Hou..
CI
More news
Analyst Recommendations on HASBRO, INC.
More recommendations
Financials (USD)
Sales 2021 6 224 M - -
Net income 2021 475 M - -
Net Debt 2021 3 295 M - -
P/E ratio 2021 28,4x
Yield 2021 2,80%
Capitalization 13 428 M 13 428 M -
EV / Sales 2021 2,69x
EV / Sales 2022 2,47x
Nbr of Employees 6 822
Free-Float 57,5%
Chart HASBRO, INC.
Duration : Period :
Hasbro, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HASBRO, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 97,53 $
Average target price 113,13 $
Spread / Average Target 16,0%
EPS Revisions
Managers and Directors
Brian D. Goldner Chairman & Chief Executive Officer
Deborah M. Thomas Chief Financial Officer & Executive Vice President
Edward M. Philip Lead Independent Director
Ken A. Bronfin Independent Director
Tracy A. Leinbach Independent Director
Sector and Competitors
1st jan.Capi. (M$)
HASBRO, INC.5.56%13 428
BANDAI NAMCO HOLDINGS INC.0.21%17 882
TAKE-TWO INTERACTIVE SOFTWARE, INC.-26.90%16 763
SQUARE ENIX HOLDINGS CO., LTD.6.55%7 251
MATTEL, INC.16.79%7 112
GAMES WORKSHOP GROUP PLC-0.09%5 044