Hasbro (NASDAQ:HAS) to Shatter 10 Percent Jobs after Quarterly Results – HAS, LF, JAKK, MAT

Hasbro, Inc (NASDAQ:HAS), which makes Transformers and G.I. Joe toys, aims to lower almost 10 percent of its workforce current year as the company also warned of disappointing holiday results in the United States and some overseas markets.

The toy maker issued preliminary 2012 results that failed to meet Wall Street forecasts and reported it would lower almost 550 employments. This was the third year in a row in which Hasbro offered a weak guidance before declaring final full-year results.

Shares of Hasbro plunged 3% to settle $37.31 in 4 PM composite trading Friday on the NASDAQ Stock Market.

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 -4.15% to settle at $9.23, JAKKS Pacific, Inc. (NASDAQ:JAKK) moved down -1.07% to end at $12.93 while Mattel, Inc. (NASDAQ:MAT) plunged -2.34% to finish at $37.15 on Friday.

Hasbro, Inc. (NASDAQ:HAS) last session’s volume of 7.32 million shares was surprisingly higher than its average volume of 2.15 million shares. The stock after opening at $37.42 hit high price of $37.66 and then closed at $37.31 by scoring -2.96%.

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 1.92% for a week and 2.19% for a month as well as price volatility’s Average True Range for 14 days was 0.85 and its beta remained at 0.91.

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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