Analysts expect Mattel, Inc. (NASDAQ:MAT) to post sales of $1.77 billion for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Mattel’s earnings. The lowest sales estimate is $1.66 billion and the highest is $1.92 billion. Mattel reported sales of $1.83 billion during the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The business is scheduled to issue its next earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that Mattel will report full year sales of $1.77 billion for the current year, with estimates ranging from $4.98 billion to $5.47 billion. For the next year, analysts anticipate that the business will report sales of $5.12 billion per share, with estimates ranging from $4.82 billion to $5.52 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Mattel.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, October 26th. The company reported $0.09 EPS 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 firm 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 earned $0.70 EPS. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year.
MAT has been the subject of a number of research reports. Jefferies Group set a $14.00 target price on Mattel and gave the stock a “hold” rating in a report on Tuesday, December 12th. BidaskClub downgraded Mattel from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Monness Crespi & Hardt lifted their target price on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. ValuEngine raised Mattel from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, DA Davidson raised Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price target for the company in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Mattel has a consensus rating of “Hold” and a consensus price target of $21.54.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Mattel by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock worth $739,123,000 after buying an additional 662,676 shares during the period. Parnassus Investments CA raised its stake 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 buying an additional 7,719,364 shares during the period. Bank of New York Mellon Corp raised its stake 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 buying an additional 2,253,399 shares during the period. American Century Companies Inc. raised its stake in shares of Mattel by 91.6% during the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after buying an additional 4,759,608 shares during the period. Finally, Janus Henderson Group PLC raised its stake 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 buying an additional 9,568,634 shares during the period. 93.67% of the stock is owned by institutional investors and hedge funds.
Mattel (MAT) traded up $0.02 during trading on Friday, hitting $15.12. The company had a trading volume of 3,765,917 shares, compared to its average volume of 7,982,320. 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 12-month low of $12.71 and a 12-month high of $31.60. The firm has a market capitalization of $5,200.00, a P/E ratio of 98.93 and a beta of 1.00.
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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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