Brokerages Anticipate Mattel Inc (NASDAQ:MAT) Will Announce Earnings of -$0.39 Per Share

Equities analysts predict that Mattel Inc (NASDAQ:MAT) will report earnings of ($0.39) per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Mattel’s earnings. The lowest EPS estimate is ($0.46) and the highest is ($0.29). Mattel posted earnings per share of ($0.25) during the same quarter last year, which indicates a negative year over year growth rate of 56%. The firm is scheduled to announce its next earnings results on Thursday, July 23rd.

On average, analysts expect that Mattel will report full-year earnings of ($0.30) per share for the current fiscal year, with EPS estimates ranging from ($0.40) to ($0.25). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.04 per share, with EPS estimates ranging from ($0.39) to $0.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Mattel.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, May 5th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.15). The company 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 for the quarter was down 13.8% compared to the same quarter last year. During the same period last year, the company posted ($0.51) earnings per share.

Several research firms have recently issued reports on MAT. MKM Partners reduced their target price on Mattel from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, May 18th. TheStreet lowered Mattel from a “c-” rating to a “d+” rating in a research note on Friday, March 13th. Wolfe Research initiated coverage on Mattel in a research note on Friday, April 17th. They issued an “outperform” rating and a $11.00 price objective on the stock. Jefferies Financial Group reduced their price objective on Mattel from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, SunTrust Banks raised their price objective on Mattel from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.71.

Institutional investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan raised its position in shares of Mattel by 1.1% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 64,090 shares of the company’s stock worth $868,000 after acquiring an additional 700 shares during the last quarter. Whittier Trust Co. raised its position in shares of Mattel by 39.5% during the fourth quarter. Whittier Trust Co. now owns 2,502 shares of the company’s stock worth $34,000 after acquiring an additional 709 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Mattel by 1.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 83,900 shares of the company’s stock worth $1,137,000 after acquiring an additional 800 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Mattel by 1.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 90,594 shares of the company’s stock worth $1,228,000 after acquiring an additional 881 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Mattel by 8.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,891 shares of the company’s stock worth $175,000 after acquiring an additional 1,009 shares during the last quarter.

Shares of MAT traded up $0.11 during trading hours on Friday, hitting $8.48. 2,388,767 shares of the company were exchanged, compared to its average volume of 5,536,495. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -11.78 and a beta of 1.51. Mattel has a fifty-two week low of $6.53 and a fifty-two week high of $14.83. 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 firm’s fifty day moving average is $8.55 and its 200 day moving average is $11.42.

About Mattel

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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