Earning Release 11 Feb 2014

Verified by Raqueem Khan
Edited by Vani Rao

Hasbro Q4 results misses Wall Street estimates, but company raises dividend

Hasbro Inc. (NASDAQ:HAS) reported fourth-quarter earnings of $129.8 million, or 98 cents per share, compared to the earnings of $130.3 million, or 99 cents per share, in the year-ago period. The company’s revenue almost stood flat at $1.28 billion, below the analyst expectations of $1.30 billion. Hasbro had a lacklustre holiday season due to the weak sales of its spinning top game and Marvel toys. Moreover, one-time charges also eroded company’s profitability. Hasbro Inc. made an announcement to raise its quarterly dividend by 8% from 40 cents to 43 cents, to be paid by May 15 to the shareholders on records as of May 1. The announcement had a positive impact on the Hasbro’s stock, which rose 4.53% on Monday, 10 February 2014, to close the day at $52.36.

Loews Corporation reports wider losses in Q4, underperforms against estimates

Loews Corporation (NYSE:L) reported wider fourth-quarter net losses of $198 million, or 51 cents per share compared to losses of $32 million, or 8 cents per share, in the year-ago quarter, underperforming analyst expectations of 72 cents per share. However, the company reported slightly higher revenue of $3.89 billion in Q4, compared with $3.70 billion in the prior year quarter. Loews management maintained that the losses emerged due to goodwill impairment charges of $398 million in the fourth-quarter and the prolonged low market prices for natural gas and natural gas liquids. The company’s shares slid 4.25% to close the day’s session at $43.26 on Monday, 10 February 2014.

Markel Corporation’s strong Q4 results surpasses expectations

Markel Corporation (NYSE: MKL) reported fourth-quarter EPS of $6.95, easily surpassing the analyst’s EPS expectations of $5.77. Markel’s revenue rose 58.4% for the Q4 2013 at $1.28 billion compared to the $1.22 billion consensus. Alan I. Kirshner, Chairman and CEO, expressed satisfaction for the company’s achievement in 2013, where operating revenues increased 44% to $4.3 billion, reflecting robust growth across insurance, investing and Markel Ventures operations. Moreover, he also believed that company’s acquisition of Bermuda-based Alterra Capital Holdings Limited Company played a significant role in attaining strong Q4 and full-year results in 2014.

CNA Financial’s fourth-quarter revenue rises on improved underwriting results

CNA Financial Corporation (NYSE: CNA) reported a fourth-quarter net operating income of $340 million, compared with $60 million in the year-ago quarter, driven by improved current accident year underwriting results and higher net investment income. The company’s income from its Property & Casualty Operations stood at $1,185 million for the full-year 2013 as compared with $758 million in the prior year. The Chicago-based commercial insurance writer company also declared a special dividend of $1.00 per share and a quarterly dividend of $0.25 per share, payable on March 12, 2014, to stockholders of record as on February 24, 2014. Following CNA Financial’s strong Q4 results and the declaration of dividend, the company’s shares surged 6.93% to close the day at $42.42 on 10 February 2014.

Masco Corporation’s revenue and sales rises, but EPS misses expectations

Masco Corporation’s (NYSE:MAS) Q4 sales rose 9% to $2.0 billion, compared with $1.8 billion in the same quarter a year ago. The company’s sales were driven by the development of new products and increased international sales along with robust sales in North America, which grew 9%. All the five business segments of Masco contributed positively to the company’s top-line growth. The company’s operating profit margin increased 7.7%, while the gross profit margin grew 27.1%. However, Masco’s EPS of 11 cents per share underperformed the analyst EPS expectation of 16 cents. On January 8, 2014, the company had announced the appointment of Keith Allman, the current Masco Group President, to succeed Mr. Timoty Wadhams as the CEO on February 14, 2014. The Michigan-based general building materials company has a positive outlook for 2014, and is expecting new home construction and repair and remodel activity to show continued improvement in North America and the international markets.

Earnings releases in the next 24 hours

Trip Advisor (NASDAQ:TRIP) is expected to have benefited from increased hotel occupancy, higher rates, and growth in business travel as Expedia Inc. (NASDAQ:EXPE). Analysts expect the company’s positive quarterly earnings trend to continue.

Ingersoll-Rand PLC (NYSE:IR) will report its fourth-quarter results on February 11, 2014. The company increased quarterly dividend by19% to 25 cents, payable on March 31, 2014. The company announced a new $1.5-billion share repurchase program, scheduled to commence in the second quarter of FY2014.

Fossil Group Inc. (NASDAQ:FOSL), one of the premier watch designers and manufacturers in the world, is expected to surprise market on strong Michael Kors (NYSE:KORS) results. Analysts are positive about the company’s fourth quarter 2013. However, there is expected slowdown in net sales. The results are expected after market closes on Tuesday, 11 February 2014.

Zoetis Inc. (NYSE:ZTS), a Florham Park, New Jersey-based manufacturer and distributer of animal health medicines and vaccines, will report fourth quarter and full-year 2013 results on February 11, 2014, before the market bell. The company’s last quarter earnings were marginally below consensus estimates.

Packaging Corporation of America (NYSE:PKG) will announce fourth-quarter results on Tuesday, 11 February 2014. The company seems to benefit from the improved global demand for cardboard boxes. The company’s shares have gained 64% this year, outperforming the S&P.

CVS Caremark Corporation (NYSE:CVS), the largest US pharmacy based on total prescription revenue, will announce its fourth-quarter and full-year 2013 results on Tuesday, 11 February 2014. The company has been reporting strong growth in previous two years, including second and third quarters of 2013. Last month, CVS acquired Coram LLC, which has strengthened company’s competitive offerings in specialty services.

Federal Realty Investment Trust (NYSE:FRT) will release its fourth-quarter results after the market hours on Tuesday, 11 February 2014. The company’s Q3 2013 core funds from operations (FFO) per share of $1.16, bettered consensus estimates. Federal Realty raised its guidance for 2013 FFO per share to $4.60-4.61 from the earlier forecasts of $4.5-4.60

Sprint Corporation (NYSE:S) will report its fourth-quarter earnings on 11 February 2014. The country’s third-largest wireless operator is facing stiff competition from rival T-Mobile (NYSE:PCS). In the third-quarter, the company reported loss of 360,000 post-paid subscribers. Analysts are expecting Q4 EPS of 33 cents. The company has bettered analyst estimates in three of the previous four quarters.

The Western Union Company (NYSE:WU) will announce its fourth quarter and year-end earnings data on Tuesday, after the market closes. The company is expected to report strong results in fourth-quarter, as earnings are expected to benefit from electronic offerings such as mobile, internet, direct to bank, and ATMs and electronic channel growth in the company’s Consumer-to-Consumer segment.

Henry Schein Inc. (NASDAQ:HSIC), the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners, will announce its fourth-quarter and full-year 2013 results before the opening bell on Tuesday, 11 February 2014. The company had reported EPS of $1.22 in the third-quarter, up 12.9% year over year, but missed the industry expectations of $1.40.

Intercontinental Exchange Group Inc. (NYSE:ICE) is scheduled to announce its fourth quarter results on 11 February 2014. This will be the first results that the company will release after completing the acquisition of NYSE Euronext in December 2013. The company, which derives bulk of its revenue from derivatives trading, reported a decrease of 8% in the January’s average daily volume (ADV) for global derivatives, compared with volumes in January 2013.

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