Mattel, Inc. (NASDAQ:MAT) – Equities research analysts at KeyCorp issued their Q2 2018 earnings per share estimates for Mattel in a research note issued on Sunday, Zacks Investment Research reports. KeyCorp analyst B. Andress anticipates that the company will post earnings per share of ($0.21) for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Mattel’s Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.20) EPS and FY2019 earnings at $0.30 EPS.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.93). Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year.
MAT has been the topic of a number of other reports. Citigroup lifted their price objective on Mattel from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. UBS Group set a $22.00 price objective on Mattel and gave the company a “buy” rating in a report on Friday, October 27th. Jefferies Group set a $17.00 target price on Mattel and gave the stock a “hold” rating in a report on Saturday, December 2nd. Monness Crespi & Hardt downgraded Mattel from a “buy” rating to a “neutral” rating in a report on Tuesday, December 12th. Finally, TheStreet downgraded Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.00.
Mattel (NASDAQ:MAT) traded down $1.00 during mid-day trading on Wednesday, reaching $16.36. The company had a trading volume of 4,096,000 shares, compared to its average volume of 6,696,707. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $26.30. The firm has a market capitalization of $5,620.00, a P/E ratio of -5.35, a PEG ratio of 14.49 and a beta of 1.00. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28.
A number of hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC raised its position in Mattel by 7.9% in the 4th quarter. Guggenheim Capital LLC now owns 2,218,070 shares of the company’s stock worth $34,114,000 after purchasing an additional 162,864 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Mattel in the 4th quarter worth approximately $177,000. Franklin Resources Inc. raised its position in Mattel by 102.2% in the 4th quarter. Franklin Resources Inc. now owns 3,112,937 shares of the company’s stock worth $47,877,000 after purchasing an additional 1,573,028 shares during the last quarter. Ariel Investments LLC raised its position in Mattel by 10.1% in the 4th quarter. Ariel Investments LLC now owns 9,151,114 shares of the company’s stock worth $140,744,000 after purchasing an additional 837,481 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Mattel by 6.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 55,671 shares of the company’s stock worth $856,000 after purchasing an additional 3,551 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.
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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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