Global Payments Guides FY21 In Line With Estimates – Quick Facts

Hasbro Inc. Q4 adjusted earnings of $1.27 per share

Hasbro Inc. (HAS) announced a profit for fourth quarter that fell from the same period last year.

The company’s bottom line came in at $105.17 million, or $0.76 per share. This compares with $267.35 million, or $2.01 per share, in last year’s fourth quarter.

Excluding items, Hasbro Inc. reported adjusted earnings of $175.31 million or $1.27 per share for the period.

The company’s revenue for the quarter rose 20.3% to $1.72 billion from $1.43 billion last year.

Hasbro Inc. earnings at a glance:

-Earnings (Q4): $175.31 Mln. vs. $123.96 Mln. last year.
-EPS (Q4): $1.27 vs. $0.90 last year.
-Revenue (Q4): $1.72 Bln vs. $1.43 Bln last year.

NAPCO Security Technologies Inc. Bottom Line Retreats In Q2

NAPCO Security Technologies Inc. (NSSC) announced earnings for second quarter that fell from the same period last year.

The company’s profit totaled $3.20 million, or $0.17 per share. This compares with $3.57 million, or $0.19 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.11 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 5.3% to $27.21 million from $25.83 million last year.

NAPCO Security Technologies Inc. earnings at a glance:

-Earnings (Q2): $3.20 Mln. vs. $3.57 Mln. last year.
-EPS (Q2): $0.17 vs. $0.19 last year.
-Analysts Estimate: $0.11
-Revenue (Q2): $27.21 Mln vs. $25.83 Mln last year.

U.S. Construction Spending Jumps Slightly More Than Expected In December

Partly reflecting a spike in spending on residential construction, the Commerce Department released a report on Monday showing U.S. construction spending increased by slightly more than expected in the month of December.

The Commerce Department said construction spending jumped by 1.0 percent to an annual rate of $1.490 trillion in December after surging up by 1.1 percent to a rate of $1.476 billion in November. Economists had expected construction spending to climb by 0.9 percent.

Spending on private construction increased by 1.2 percent to a rate of $1.138 trillion, as a 3.1 percent spike in spending on residential construction more than offset a 1.7 percent slump in spending on non-residential construction.

The report said spending on public construction also rose by 0.5 percent to a rate of $352.8 billion, with spending on educational construction and highway construction climbing by 0.6 percent and 0.9 percent, respectively.

The Commerce Department said the value of construction in 2020 was $1.430 trillion, 4.7 percent above the $1.365 trillion spent in 2019.

“We look for a gradual recovery in private, nonresidential investment as the recovery takes hold, while we expect the pace of housing starts to moderate slightly,” said Nancy Vanden Houten, Lead U.S. Economist at Oxford Economics.

She added, “Public outlays will likely continue to be constrained by tight state and local budgets despite a better than expected performance for revenues during the pandemic.”

Dun & Bradstreet Issues Outlook – Quick Facts

Dun & Bradstreet Holdings, Inc. (DNB) announced, for full year 2021, the company projects: adjusted EBITDA to be in the range of $840 million to $855 million; adjusted EPS to be in the range of $1.02 to $1.06; and adjusted revenues in the range of $2.145 billion to $2.175 billion.

Fourth quarter adjusted earnings per share was $0.28 compared to $0.16, a year ago. Revenue was $480.1 million, an increase of 11.0% as reported, and 10.5% on a constant currency basis from last year.

Cubic To Be Acquired By Veritas, Evergreen Coast Capital In $2.8 Bln Deal – Quick Facts

Cubic Corp. (CUB) said Monday it has agreed to be acquired by Veritas Capital and Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management L.P., for $70.00 per share in cash.

The all-cash transaction will be valued at about $2.8 billion, including the assumption of debt. The transaction is expected to close during the second calendar quarter of 2021.

Under the terms of the deal, Cubic shareholders will receive $70.00 in cash for each share of Cubic’s common stock currently held by them. This represents a nearly 58 percent premium to Cubic’s unaffected closing stock price on September 18, 2020, the last trading day before Cubic’s disclosure of third-party interest in potentially acquiring the company.

Elliott has entered into an agreement to vote its shares in support of the transaction.

Following the closing of the transaction, the company will remain based in San Diego, California. Cubic said it expects the transaction to be seamless for customers and employees across its businesses.

Global Payments Guides FY21 In Line With Estimates – Quick Facts

While reporting financial results for the fourth quarter on Monday, payments technology company Global Payments Inc. (GPN) initiated its adjusted earnings and adjusted revenue guidance for the full year 2021.

For fiscal 2021, the company now projects adjusted earnings in a range of $7.75 to $8.05 per share on adjusted net revenues between $7.50 billion and $7.60 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.00 per share on revenues of $7.58 billion for the year. Analysts’ estimates typically exclude special items.

Further, Global Payments’ Board of Directors approved a dividend of $0.195 per share payable March 26, 2021 to shareholders of record as of March 12, 2021 and also approved an increase to the existing authorization for the company’s share repurchase program, raising the total available authorization to $1.5 billion. As part of that program, the company intends to execute an accelerated share repurchase program for $500 million in the coming days.