Revenue Update on Hasbro(NASDAQ:HAS)

Hasbro(NASDAQ:HAS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $1.630B. Analysts estimated a revenue of $1.510B. The revenues were 7.95% above the estimates. Earnings per share were $1.64. The reported EPS was above estimates by 27.13%. Analysts had estimated an EPS of $1.29.

In a different note, On Jan 26, 2017, Monness Crespi Hardt said it Downgrades its rating on Hasbro. The shares have been rated ‘Neutral’ by the firm.

Hasbro (HAS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.71% or 0.67 points. Due to strong positive momentum, the stock ended at $94.98, which is also near the day’s high of $97.57. The stock began the session at $94.28 and the volume stood at 64,46,334 shares. The 52-week high of the shares is $97.57 and the 52 week low is $68.6. The company has a current market capitalization of $11,852 M and it has 12,47,87,571 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 16, 2016, Duncan Billing (EVP, CGO & New Bus Dvlp Offic) sold 18,751 shares at $86.00 per share price.Also, On May 25, 2016, John Frascotti (President, Hasbro Brands) sold 36,170 shares at $87.00 per share price.On May 24, 2016, Wiebe Tinga (EVP & Chief Commerical Officer) sold 25,000 shares at $85.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Hasbro Inc. (Hasbro) through its wholly owned Hasbro Studios LLC (Hasbro Studios) creates entertainment brand storytelling across mediums including television film and among others. Its brand blueprint involves re-imagining re-inventing and re-igniting its owned and controlled brands and imagining inventing and igniting new brands through toy and game innovation immersive entertainment offerings including television programming and motion pictures and a range of products ranging from traditional to digital. The Company markets its brands under product categories which include boys games girls and preschool toys. The Company’s business operations include United States Canada International Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP MONOPOLY MY LITTLE PONY NERF PLAY-DOH and TRANSFORMERS.

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