Hasbro (NASDAQ:HAS) Fiscal Fourth Quarter Profit Tumbles on Lower Sales and Restructuring Charges – HAS, LF, JAKK, MAT

Hasbro, Inc (NASDAQ:HAS) reported that fiscal Q4 earnings tumbled 6.3 percent as company’s sales in Europe plunged while a revamping charge linked with cost cutting also weighed on the bottom line.

The toy maker’s sales of girls products hiked 17% and games sales moved up and 15% in fiscal fourth quarter. But the boys unit announced a steep 23% drop and preschool sales tumbled 13%.

Hasbro announced an overall profit of $130.3 million or 99 cents per share in the fiscal Q4, low from $139.1 million or $1.06 per share in the previous year.

Adjusted earnings in the most recent three months period would have totaled $1.20, without $36 million in pretax revamping expenses. Thomson Reuters analysts poll forecasted a profit of $1.19.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. LeapFrog Enterprises, Inc. (NYSE:LF) fell -0.22% to settle at $8.97, JAKKS Pacific, Inc. (NASDAQ:JAKK) moved up +0.38% to end at $13.05 while Mattel, Inc. (NASDAQ:MAT) jumped +0.40% to finish at $39.67 on Thursday.

Hasbro, Inc. (NASDAQ:HAS) last session’s volume of 1.81 million shares was surprisingly lower than its average volume of 2.21 million shares. The stock after opening at $38.99 hit high price of $38.99 and then closed at $38.72 by scoring +1.44%.

The liquidity measure in recent quarter results of the company was recorded 2.32 as current ratio and on the other side the debt to equity ratio was 1.09 and long-term debt to equity ratio remained at 0.92. The Company had total cash of $720.14 million at hand and a book value per share as $11.71 in the most recent quarter.

The stock’s price volatility was 1.55% for a week and 1.92% for a month as well as price volatility’s Average True Range for 14 days was 0.73 and its beta remained at 0.92.

HAS generated revenue of $4.13 billion in the previous twelve months and earned $344.83 million. The Company showed a positive 8.34% in the net profit margin as well as in its operating margin which remained at 13.74%. Company’s annual sales growth for the past five years was 6.34%.

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