Equities analysts expect that Mattel, Inc. (NASDAQ:MAT) will post $706.38 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Mattel’s earnings. The lowest sales estimate is $682.00 million and the highest is $726.57 million. Mattel reported sales of $735.60 million in the same quarter last year, which indicates a negative year over year growth rate of 4%. The company is scheduled to report its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that Mattel will report full-year sales of $706.38 million for the current year, with estimates ranging from $4.78 billion to $5.52 billion. For the next year, analysts forecast that the firm will post sales of $5.00 billion per share, with estimates ranging from $4.86 billion to $5.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Mattel.
Mattel (NASDAQ:MAT) last posted 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). The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS.
MAT has been the topic of several research analyst reports. Jefferies Group set a $14.00 price target on Mattel and gave the company a “hold” rating in a research note on Tuesday, December 12th. UBS Group set a $18.00 price target on Mattel and gave the company a “buy” rating in a research note on Wednesday. BidaskClub downgraded Mattel from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. ValuEngine upgraded Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Citigroup boosted their price target on Mattel from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.67.
Shares of Mattel (NASDAQ MAT) opened at $16.64 on Friday. 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 has a one year low of $12.71 and a one year high of $26.12.
Institutional investors and hedge funds have recently modified their holdings of the company. Calton & Associates Inc. purchased a new stake in shares of Mattel in the fourth quarter worth about $112,000. Zeke Capital Advisors LLC acquired a new position in Mattel in the 3rd quarter worth about $163,000. Hartland & Co. LLC acquired a new position in Mattel in the 3rd quarter worth about $165,000. Wolverine Asset Management LLC acquired a new position in Mattel in the 4th quarter worth about $177,000. Finally, Virtu Financial LLC acquired a new position in Mattel in the 4th quarter worth about $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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