Upcoming AWS Coverage on JAKKS Pacific Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 23, 2017 / Active Wall St. announces its post-earnings coverage on Hasbro, Inc. (NASDAQ: HAS). The Company reported its fourth quarter and fiscal 2016 financial results on February 06, 2017. The Toy maker surpassed top- and bottom-line expectations and also raised its dividend by 12%. Register with us now for your free membership at:

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One of Hasbro's competitors within the Toys & Games space, JAKKS Pacific, Inc. (NASDAQ: JAKK), announced on February 01, 2017, that it will report its Q4 and full year 2016 financial results on Thursday, February 23, 2017, before the opening of the stock market. AWS will be initiating a research report on JAKKS Pacific in the coming days.

Today, AWS is promoting its earnings coverage on HAS; touching on JAKK. Get our free coverage by signing up to:

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Earnings Reviewed

For the three months period ended December 25, 2016, Hasbro's net revenues increased 11% to $1.63 billion compared to $1.47 billion in Q4 2015. Excluding a negative $11.9 million impact from foreign exchange, the Company's Q4 2016 revenues increased 12%. Hasbro's net revenues numbers surpassed market expectations of $1.50 billion. The Company's net revenues for FY16 increased 13% to $5.02 billion versus $4.45 billion in FY15.

For Q4 2016, Hasbro's as reported net earnings increased 10% to $192.7 million, or $1.52 per diluted share, compared to $175.8 million, or $1.39 per diluted share, in Q4 2015. The Company's adjusted net earnings for Q4 2016 were $207.4 million, or $1.64 per diluted share. The Company's earnings numbers exceeded analysts' consensus of $1.27 per share. Hasbro's as reported net earnings for FY16 increased 22% to $551.4 million, or $4.34 per diluted share, compared to $451.8 million, or $3.57 per diluted share, in FY15. Adjusted net earnings for FY16 were $566.1 million, or $4.46 per diluted share.

Segment Results

Hasbro's FY16 US and Canada segment's net revenues increased 15% to $2.56 billion compared to $2.23 billion in FY15. Growth in the Girls, Games, and Boys categories offset a decline in the Preschool category. The US and Canada segment reported operating profit growth of 21% to $522.3 million, or 20.4% of net revenues, compared to $430.7 million, or 19.4% of net revenues, in FY15.

For FY16, Hasbro's International segment's net revenues increased 11% to $2.19 billion compared to $1.97 billion in FY15, and were behind growth in all four product categories: Girls, Preschool, Games, and Boys. On a regional basis, Europe's revenues increased 14%, Latin America grew 9%, and Asia/Pacific was up 6%. Emerging markets increased 9%. Excluding an unfavorable $58.4 million impact of foreign exchange, net revenues in the International segment grew 14%, increased 15% in Europe, 18% in Latin America, and 7% in Asia/Pacific. International segment's operating profit increased 15% to $294.5 million in FY16, or 13.4% of revenues, compared to $255.4 million, or 13.0% of net revenues, in FY15.

Hasbro's Entertainment and Licensing segment's net revenues increased 8% to $265.2 million in FY16 compared to $244.7 million in FY15, driven by growth in Consumer Products and Digital Gaming, as well as the addition of Boulder Media. As reported operating profit was $49.9 million compared to $76.9 million in FY15.

Hasbro's Boys category revenues for FY16 increased 4% to $1.85 billion. Revenue growth for the year was driven by gains in Franchise Brand NERF as well as shipments of YO-KAI WATCH. The Company's Games category revenues for the year increased 9% to $1.39 billion. Hasbro's differentiated gaming portfolio drove growth across gaming formats, including face-to-face gaming, off-the-board gaming, and digital gaming.

Hasbro's Girls category revenues in FY16 grew 50% to a record $1.19 billion. The category benefited from shipments of Hasbro's line of DISNEY PRINCESS and DISNEY FROZEN fashion and small dolls, the successful launch of DREAMWORKS' TROLLS and significant growth from BABY ALIVE. Additional revenue growth came from Hasbro brands including FURREAL FRIENDS and EASY-BAKE OVEN products.

The Company's Preschool category revenues declined 1% to $589.2 million in FY16. The fifth consecutive year of revenue growth in Franchise Brand PLAY-DOH was more than offset by declines in PLAYSKOOL HEROES and core PLAYSKOOL items.

Dividend and Share Repurchase

In FY16, Hasbro returned $400.2 million to shareholders including $248.9 million in cash dividends. Hasbro's Board of Directors has declared a quarterly cash dividend of $0.57 per common share. This represents an increase of $0.06 per share, or 12%, from the previous quarterly dividend of $0.51 per common share. The dividend will be payable on May 15, 2017, to shareholders of record at the close of business on May 01, 2017.

In 2016, Hasbro repurchased 1.89 million shares at a total cost of $151.3 million and an average price of $79.86 per share. At year end, $328.0 million remained available in the current share repurchase authorization.

Stock Performance

On Wednesday, February 22, 2017, the stock closed the trading session at $98.82, slightly falling 0.06% from its previous closing price of $98.88. A total volume of 1.13 million shares have exchanged hands. Hasbro's stock price rallied 18.49% in the last month, 17.98% in the past three months, and 23.95% in the previous six months. Furthermore, since the start of the year, shares of the Company have surged 27.82%. The stock is trading at a PE ratio of 22.76 and has a dividend yield of 2.31%.

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SOURCE: Active Wall Street