Analysts expect Mattel, Inc. (NASDAQ:MAT) to report earnings per share of $0.21 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Mattel’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.13. Mattel reported earnings of $0.52 per share in the same quarter last year, which would indicate a negative year over year growth rate of 59.6%. The business is expected to announce its next earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that Mattel will report full year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.24) to ($0.11). For the next financial year, analysts forecast that the firm will report earnings of $0.40 per share, with EPS estimates ranging from $0.16 to $0.79. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Mattel.
Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm earned $0.70 EPS. Mattel’s quarterly revenue was down 13.1% on a year-over-year basis.
A number of analysts have weighed in on MAT shares. DA Davidson reaffirmed an “underperform” rating and issued a $14.00 price target (down previously from $18.00) on shares of Mattel in a research report on Tuesday, September 12th. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. UBS Group set a $22.00 price target on Mattel and gave the stock a “buy” rating in a research report on Friday, October 27th. Jefferies Group set a $17.00 price target on Mattel and gave the stock a “hold” rating in a research report on Saturday, December 2nd. Finally, Monness Crespi & Hardt cut Mattel from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 12th. Thirteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.25.
Several hedge funds and other institutional investors have recently bought and sold shares of MAT. Janus Henderson Group PLC lifted its position in shares of Mattel by 19,570.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. Parnassus Investments CA lifted its position in shares of Mattel by 92.5% during the 3rd quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock worth $248,676,000 after purchasing an additional 7,719,364 shares during the last quarter. Eaton Vance Management lifted its position in shares of Mattel by 581.7% during the 2nd quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock worth $57,758,000 after purchasing an additional 2,289,165 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Mattel by 20.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after purchasing an additional 2,253,399 shares during the last quarter. Finally, Fairpointe Capital LLC lifted its position in shares of Mattel by 24.3% during the 2nd quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock worth $172,099,000 after purchasing an additional 1,560,624 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.
Shares of Mattel (NASDAQ MAT) traded down $0.23 during trading hours on Monday, hitting $15.91. The company’s stock had a trading volume of 2,973,600 shares, compared to its average volume of 6,660,000. Mattel has a 12 month low of $12.71 and a 12 month high of $31.60. The firm has a market capitalization of $5,470.00, a PE ratio of -9.09, a P/E/G ratio of 4.34 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
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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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