Mattel (NASDAQ:MAT) – Stock analysts at B. Riley lowered their Q3 2018 earnings per share estimates for shares of Mattel in a research note issued to investors on Thursday, April 19th. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.40. B. Riley also issued estimates for Mattel’s FY2019 earnings at $0.50 EPS.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.93). The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. Mattel’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share.
Several other equities analysts have also recently weighed in on the company. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a report on Friday, April 13th. Jefferies Group upgraded Mattel from an “underperform” rating to a “hold” rating and set a $13.00 price objective for the company in a research note on Wednesday, April 11th. Stifel Nicolaus reduced their price objective on Mattel from $15.50 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, April 4th. UBS reduced their price objective on Mattel from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 29th. Finally, BMO Capital Markets reduced their price objective on Mattel from $23.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, March 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.58.
NASDAQ MAT opened at $12.96 on Friday. The firm has a market cap of $4,777.85, a PE ratio of -12.00 and a beta of 1.01. 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 1-year low of $12.21 and a 1-year high of $24.08.
A number of hedge funds have recently modified their holdings of MAT. Dimensional Fund Advisors LP increased its stake in Mattel by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,529,395 shares of the company’s stock worth $23,666,000 after buying an additional 101,022 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in Mattel in the 3rd quarter worth $236,000. California Public Employees Retirement System increased its stake in Mattel by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock worth $15,404,000 after buying an additional 100,722 shares in the last quarter. Creative Planning increased its stake in Mattel by 42.1% in the 4th quarter. Creative Planning now owns 35,732 shares of the company’s stock worth $550,000 after buying an additional 10,595 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in Mattel by 1,227.3% in the 4th quarter. Westpac Banking Corp now owns 309,627 shares of the company’s stock worth $4,762,000 after buying an additional 286,299 shares in the last quarter.
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Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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