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Trader's Watch List: Hasbro, Inc. (NASDAQ:HAS), iRobot Corporation (NASDAQ:IRBT), NVR, Inc. (NYSE:NVR)

Trader's Watch List: Hasbro, Inc. (NASDAQ:HAS), iRobot Corporation (NASDAQ:IRBT), NVR, Inc. (NYSE:NVR)
Written by
Joel Najarian
Published on
October 20, 2014
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Branded play company Hasbro, Inc. (NASDAQ:HAS) topped expectations in Q3 2014, as earnings sharply increased year-over-year, with revenue growth recorded in every major operating segment. Net profit was $180.5 million, or $1.40 per diluted share, up from $126.6 million, or $0.96 per diluted share, in 2013. Excluding the impact of restructuring in the firm's investment in the Hub Network joint venture, net earnings were $187.8 million, or $1.46 per diluted share, ahead of the mean estimate of $1.44 compiled by Capital IQ.Net revenues for the quarter jumped to $1.47 billion from $1.37 billion in 2013 despite the negative impact of foreign exchange, almost matching the Capital IQ consensus of $1.50 billion. U.S. and Canada segment net revenues increased 4% to $764.3 million compared to $735.6 million in 2013. International segment net revenues increased 11% to $649.3 million. And entertainment and Licensing segment net revenues increased 10% to $53.4 million.Hasbro, Inc. (NASDAQ:HAS) President and CEO Brian Goldner also attributed the improvement in results to the new strategic merchandising relationship formed with Disney Consumer Products for the Disney Princess and Frozen properties. The company will be paying a cash dividend of $0.43 per common share on November 17 to shareholders of record at the close of business on November 3. HAS is tradin, in a 52-week range of $46.57 - $56.91.iRobot Corporation (NASDAQ:IRBT), a robotic technology-based company, said Monday it has received a $7.6 million order for upgrades and spares for 46 Man Transportable Robotic System robots from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division MTRS is modeled after the company's multi-mission iRobot 510 PackBot. The Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division also awarded the company a three-year indefinite delivery/indefinite quantity contract with a total ceiling of $13 million. This contract also calls for robot upgrades and spares for MTRS robots, and an initial $277,000 order has been placed. All deliveries under the order will be completed by Q2 2015. iRobot Corporation (NASDAQ:IRBT) shares were up 0.1% at $31.88 recently, in a 52-week range of $28.90 to $48.36.NVR, Inc. (NYSE:NVR) a homebuilding and mortgage-banking company, Monday reported Q3 earnings and revenue above year-earlier results but slightly below analysts' expectations. NVR, Inc. (NYSE:NVR) posted Q3 net income of $90.2 million, or $20.70 per diluted share, up from $82.9 million, or $17.67 per diluted share, a year earlier. Analysts polled by Capital IQ were expecting $20.81, on average.Total revenue--including homebuilding revenue and mortgage-banking fees--totaled $1.20 billion, up from $1.19 billion a year earlier, but missing the $1.26 billion expected on average by analysts. Homebuilding revenue rose 2% to $1.19 billion as new orders jumped 23%. The cancellation rate was 16%, improved from 19% in the year-earlier period, but worse than Q2's 13%. Settlements in Q3 2014 decreased 3% from a year earlier.

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