Mattel, Inc. (NASDAQ:MAT) – Research analysts at B. Riley cut their Q2 2018 EPS estimates for Mattel in a research note issued on Tuesday. B. Riley analyst S. Anderson now anticipates that the company will post earnings of ($0.16) per share for the quarter, down from their previous forecast of ($0.13). B. Riley has a “Neutral” rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Mattel’s Q4 2018 earnings at $0.12 EPS and FY2018 earnings at $0.07 EPS.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business earned $0.52 earnings per share. Mattel’s revenue for the quarter was down 12.2% compared to the same quarter last year.
MAT has been the subject of several other reports. Citigroup increased their price target on Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Jefferies Group set a $17.00 price target on Mattel and gave the stock a “hold” rating in a report on Saturday, December 2nd. UBS Group set a $22.00 price target on Mattel and gave the stock a “buy” rating in a report on Friday, October 27th. 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.67.
Shares of Mattel (NASDAQ MAT) opened at $17.02 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $26.12. The firm has a market capitalization of $5,661.23, a price-to-earnings ratio of -5.56, a P/E/G ratio of 13.75 and a beta of 1.01.
A number of large investors have recently added to or reduced their stakes in MAT. Calton & Associates Inc. purchased a new position in Mattel in the fourth quarter worth $112,000. Zeke Capital Advisors LLC purchased a new position in Mattel in the third quarter worth $163,000. Hartland & Co. LLC purchased a new position in Mattel in the third quarter worth $165,000. Wolverine Asset Management LLC purchased a new position in Mattel in the fourth quarter worth $177,000. Finally, Virtu Financial LLC purchased a new position in Mattel in the fourth quarter worth $187,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.
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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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