April 12, 2012 at 08:32 AM EDT
Sterne Agee Predicts Q1 Earnings Miss for Hasbro (HAS)

Analysts at Stern Agee on Thursday published a research report indicating they believe toy maker Hasbro, Inc.’s (HAS) upcoming first quarter earnings will fall short of Wall Street expectations.

The firm commented, “HAS plans to report Q1 EPS before the open on Monday 4/23, later than normal. We project EPS of $0.06 versus $0.12 LY, which is below FactSet consensus of $0.08. Hasbro earlier noted that at year end it had excess inventories estimated at $100 million. During Q1 we noted increased promotional activity across its lines to clear through carryover items. This likely limited retailers ability to re-order new Hasbro merchandise during Q1. By comparison, Mattel (MAT – Buy – $33.00) entered the quarter with retail inventories in-line with point-of-sale trends.”

Hasbro shares were unchanged in premarket trading Thursday.

The Bottom Line
We have been recommending shares of Hasbro (HAS) since Feb.3, when the stock was trading at $35.14. The company has a 4.00% dividend yield, based on last night’s closing stock price of $36.03.

Hasbro, Inc. (HAS) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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.

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