Mattel (NASDAQ:MAT) – Equities research analysts at B. Riley decreased their Q3 2018 earnings per share (EPS) estimates for Mattel in a research report issued to clients and investors on Thursday, April 19th. B. Riley analyst S. Anderson now forecasts that the company will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.40. B. Riley also issued estimates for Mattel’s FY2019 earnings at $0.50 EPS.
Other analysts also recently issued reports about the company. BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Barclays downgraded Mattel from an “equal weight” rating to an “underweight” rating and set a $16.00 target price for the company. in a research note on Friday, March 9th. UBS set a $18.00 target price on Mattel and gave the company a “buy” rating in a research note on Wednesday, February 21st. Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Jefferies Group set a $12.00 target price on Mattel and gave the company a “sell” rating in a research note on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.58.
Shares of NASDAQ MAT opened at $12.96 on Friday. Mattel has a 12-month low of $12.21 and a 12-month high of $24.08. The firm has a market capitalization of $4,626.50, a P/E ratio of -12.00 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.92 and a quick ratio of 1.55.
Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.93). Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its holdings in shares of Mattel by 25.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 49,258 shares of the company’s stock valued at $758,000 after buying an additional 9,958 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Mattel by 1,221.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 79,220 shares of the company’s stock valued at $1,218,000 after buying an additional 73,227 shares during the last quarter. J. Goldman & Co LP bought a new stake in shares of Mattel during the fourth quarter valued at approximately $5,105,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Mattel by 83.5% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 30,100 shares of the company’s stock valued at $463,000 after buying an additional 13,700 shares during the last quarter. Finally, Meitav Dash Investments Ltd. bought a new stake in Mattel during the fourth quarter worth approximately $1,127,000.
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Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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