Mattel, Inc. (MAT) Expected to Post Earnings of $0.43 Per Share

Analysts predict that Mattel, Inc. (NASDAQ:MAT) will post earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Mattel’s earnings, with estimates ranging from $0.37 to $0.50. Mattel posted earnings of $0.52 per share during the same quarter last year, which would suggest a negative year over year growth rate of 17.3%. The firm is expected to report its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that Mattel will report full-year earnings of $0.04 per share for the current financial year, with EPS estimates ranging from ($0.05) to $0.12. For the next financial year, analysts forecast that the company will report earnings of $0.50 per share, with EPS estimates ranging from $0.28 to $0.79. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Mattel.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, October 26th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.58 by C($0.49). The company had revenue of C$1.56 billion during the quarter, compared to analysts’ expectations of C$1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share.

Several research firms have weighed in on MAT. Stifel Nicolaus dropped their target price on Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, October 12th. UBS AG reaffirmed a “buy” rating and issued a $23.00 target price on shares of Mattel in a research report on Saturday, September 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 target price (down from $19.00) on shares of Mattel in a research report on Friday, July 28th. BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, DA Davidson downgraded Mattel from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $22.00 to $18.00 in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Mattel presently has an average rating of “Hold” and an average price target of C$21.46.

Institutional investors have recently made changes to their positions in the company. Intact Investment Management Inc. boosted its holdings in Mattel by 14.0% in the second quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after purchasing an additional 11,400 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in Mattel by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after purchasing an additional 410 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in Mattel by 43.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock valued at $3,167,000 after purchasing an additional 44,802 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in Mattel by 31.1% in the second quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock valued at $6,437,000 after purchasing an additional 70,840 shares in the last quarter. Finally, Greenwood Capital Associates LLC acquired a new position in Mattel in the second quarter valued at approximately $287,000. 93.01% of the stock is owned by institutional investors and hedge funds.

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Shares of Mattel (NASDAQ MAT) opened at C$14.62 on Monday. The stock has a market cap of $5,025.32, a PE ratio of 97.47, a P/E/G ratio of 37.59 and a beta of 0.88. Mattel has a fifty-two week low of C$12.71 and a fifty-two week high of C$32.48. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89.

Mattel Company Profile

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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