Looking At Post-Earnings Stock Movement: Hasbro Inc. (NASDAQ:HAS)

Hasbro Inc. (NASDAQ:HAS) reported earnings for the three months ended Mar2016 on April 18, 2016. The company earned $0.38 per share on revenue of $831.18M. Analysts had been modeling earning per share of $0.24 with $777.11M in revenue.

Hasbro Inc. (HAS) on April 18, 2016 reported financial results for the first quarter 2016. Net revenues for the first quarter 2016 increased 16% to $831.2 million versus $713.5 million in 2015. Excluding a negative $28.6 million impact from foreign exchange, first quarter revenues increased 20%.

Net earnings for the first quarter 2016 increased 83% to $48.8 million, or $0.38 per diluted share, compared to $26.7 million, or $0.21 per diluted share, in 2015.

“The momentum with which we ended last year has continued throughout the first quarter 2016, delivering revenue and earnings growth,” said Brian Goldner, Hasbro’s Chairman, President and Chief Executive Officer. “Our focus on executing our Brand Blueprint continues to drive strong retail and consumer demand for our brands, while enhancing overall profitability of Hasbro. Hasbro Franchise Brand revenue increased behind continued double-digit growth in NERF and PLAY-DOH, overcoming expected difficult quarterly comparisons in TRANSFORMERS as well as a digital streaming deal in the Entertainment and Licensing segment recorded last first quarter. Demand for STAR WARS: THE FORCE AWAKENS products continued to be high and we benefited from the addition of DISNEY PRINCESS and FROZEN fashion and small dolls. We are very encouraged with global demand and our outlook for 2016.”

“The first quarter was a very good quarter for Hasbro,” said Deborah Thomas, Hasbro’s Chief Financial Officer. “The strength of our results reflected the continued momentum in our business and strong execution from our global teams. We grew revenues, operating profit and earnings despite the continued negative impact from foreign exchange and challenging economic environments in some international markets. We returned $93.2 million in cash to shareholders and ended the quarter with a very strong balance sheet positioned to support our 2016 growth outlook. While most of the year remains ahead of us, it was a good start to the year.”

Hasbro Inc. earnings per share showed an increasing trend of 11.4% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 452%.Analysts project EPS growth over the next 5 years at 14.8%. It has EPS annual growth over the past 5 fiscal years of 5.4% when sales grew 2.1. It reported 16.5% sales growth, and 81.9% EPS growth in the last quarter.

The stock is trading at $87.29, up 47.22% from 52-week low of $60.38. The stock trades down -0.82% from its peak of $88.53 and -1.1% below the consensus price target of $86.33. Its volume clocked up at 0.64 million shares which is lower than the average volume of 1.01 million shares. Its market capitalization currently stands at $10.88B.