Analysts Anticipate Mattel Inc (NASDAQ:MAT) Will Post Quarterly Sales of $667.34 Million

Wall Street analysts forecast that Mattel Inc (NASDAQ:MAT) will announce sales of $667.34 million for the current quarter, Zacks reports. Five analysts have provided estimates for Mattel’s earnings. The highest sales estimate is $713.00 million and the lowest is $612.90 million. Mattel posted sales of $860.10 million during the same quarter last year, which suggests a negative year-over-year growth rate of 22.4%. The firm is expected to announce its next quarterly earnings report on Thursday, July 23rd.

According to Zacks, analysts expect that Mattel will report full year sales of $4.20 billion for the current financial year, with estimates ranging from $4.08 billion to $4.27 billion. For the next financial year, analysts expect that the business will post sales of $4.48 billion, with estimates ranging from $4.39 billion to $4.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Mattel.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.15). The business had revenue of $594.10 million for the quarter, compared to analyst estimates of $642.40 million. Mattel had a negative return on equity of 39.51% and a negative net margin of 5.62%. The business’s revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.51) earnings per share.

Several equities analysts have weighed in on MAT shares. Goldman Sachs Group decreased their target price on shares of Mattel from $14.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group decreased their target price on shares of Mattel from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $18.00 target price on shares of Mattel in a report on Friday, February 14th. TheStreet lowered shares of Mattel from a “c-” rating to a “d+” rating in a report on Friday, March 13th. Finally, Zacks Investment Research lowered shares of Mattel from a “hold” rating to a “sell” rating and set a $8.50 price objective on the stock. in a report on Friday, May 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.71.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in Mattel by 2.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 496,626 shares of the company’s stock worth $4,375,000 after purchasing an additional 10,059 shares during the period. Advisor Group Holdings Inc. acquired a new stake in Mattel during the 1st quarter worth $178,000. Squarepoint Ops LLC acquired a new stake in Mattel during the 1st quarter worth $530,000. Tower Research Capital LLC TRC boosted its stake in Mattel by 232.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 32,326 shares of the company’s stock worth $285,000 after purchasing an additional 22,599 shares during the period. Finally, Invesco Ltd. boosted its stake in Mattel by 53.7% during the 1st quarter. Invesco Ltd. now owns 530,046 shares of the company’s stock worth $4,670,000 after purchasing an additional 185,191 shares during the period.

NASDAQ:MAT traded up $0.11 on Monday, hitting $8.48. The stock had a trading volume of 2,388,767 shares, compared to its average volume of 5,536,495. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 18.04. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of -11.78 and a beta of 1.51. The company has a fifty day moving average price of $8.55 and a two-hundred day moving average price of $11.42. Mattel has a 1-year low of $6.53 and a 1-year high of $14.83.

Mattel Company Profile

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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