Mattel (MAT) Getting Somewhat Favorable Press Coverage, Report Finds

News coverage about Mattel (NASDAQ:MAT) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mattel earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.720090432036 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of research firms have recently commented on MAT. Jefferies Group set a $17.00 price objective on Mattel and gave the company a “hold” rating in a research report on Saturday. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. ValuEngine upgraded Mattel from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. DA Davidson upgraded Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price target for the company in a research report on Friday, November 3rd. Finally, BMO Capital Markets boosted their price target on Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mattel presently has an average rating of “Hold” and an average price target of $21.79.

Mattel (NASDAQ MAT) traded down $0.79 during midday trading on Wednesday, reaching $15.16. The company’s stock had a trading volume of 7,901,196 shares, compared to its average volume of 7,950,825. The firm has a market capitalization of $5,791.84, a price-to-earnings ratio of 112.33, a P/E/G ratio of 43.33 and a beta of 1.00. 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 has a one year low of $12.71 and a one year high of $31.60.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $0.70 EPS. The business’s quarterly revenue was down 13.1% on a year-over-year basis. equities research analysts predict that Mattel will post 0.04 earnings per share for the current fiscal year.

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About Mattel

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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