Zacks: Brokerages Anticipate Mattel, Inc. (NASDAQ: MAT) to Report Earnings of $ 0.33 Per Share
Wall Street brokerages expect Mattel, Inc. (NASDAQ: MAT) to report earnings of $ 0.33 per share for the current quarter, according to Zacks investment research. Five analysts have made estimates for Mattel’s earnings. The lowest EPS estimate is $ 0.27 and the highest is $ 0.38. Mattel reported earnings per share of $ 0.40 in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.5%. The company is expected to release its next results on Tuesday, February 8.
According to Zacks, analysts expect Mattel to report annual earnings of $ 1.12 per share for the current year, with EPS estimates ranging from $ 1.05 to $ 1.17. For the next fiscal year, analysts expect the company to report earnings of $ 1.45 per share, with EPS estimates ranging from $ 1.32 to $ 1.53. Zacks’ EPS averages are an average based on a survey of analysts who follow Mattel.
Mattel (NASDAQ: MAT) last reported its results on Thursday, October 21. The company reported EPS of $ 0.84 for the quarter, beating analyst consensus estimates of $ 0.72 by $ 0.12. The company posted revenue of $ 1.76 billion for the quarter, compared to analysts’ expectations of $ 1.69 billion. Mattel had a net margin of 15.55% and a return on equity of 57.56%. During the same period of the previous year, the company posted EPS of $ 0.95.
A number of equity analysts have commented on MAT stocks. Zacks investment research downgraded Mattel from a “strong buy” rating to a “sell” rating and set a price target of $ 21.00 for the stock. in a research note on Tuesday, September 28. Stifel Nicolaus lowered his price target on Mattel from $ 24.00 to $ 22.00 and set a “hold” rating on the stock in a research note on Monday, October 4. TheStreet downgraded Mattel from a “c +” rating to a “b-” rating in a research note on Thursday, October 21. Finally, DA Davidson raised its price target on Mattel from $ 32.00 to $ 36.00 and gave the stock a “buy” rating in a research note on Friday, October 22. One equity research analyst rated the stock with a sell rating, another assigned a conservation rating, and eight issued a buy rating for the stock. Based on data from MarketBeat.com, Mattel currently has an average “Buy” rating and a consensus price target of $ 25.68.
Mattel shares traded down $ 0.16 in Friday’s session, reaching $ 21.25. The company’s shares had a trading volume of 3,312,542 shares, compared to its average volume of 2,679,005. The company has a market capitalization of $ 7.44 billion, a PE ratio of 9.20 and a beta of 1.59. Mattel has a 52-week minimum of $ 15.68 and a 52-week maximum of $ 23.31. The company has a current ratio of 1.61, a quick ratio of 1.10, and a debt ratio of 1.96. The company has a 50-day moving average price of $ 21.04 and a two-hundred-day moving average price of $ 20.80.
Several hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings of Mattel shares by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,473,527 shares of the company valued at $ 64,468,000 after acquiring an additional 120,411 shares during the last quarter. Gyon Technologies Capital Management LP acquired a new equity interest in Mattel during the 3rd quarter valued at $ 300,000. Twinbeech Capital LP acquired a new position in Mattel during the third quarter valued at approximately $ 338,000. Voloridge Investment Management LLC increased its stake in Mattel by 10.9% during the 3rd quarter. Voloridge Investment Management LLC now owns 85,096 shares of the company valued at $ 1,579,000 after purchasing an additional 8,344 shares during the period. Finally, Verition Fund Management LLC increased its stake in Mattel by 4.5% during the 3rd quarter. Verition Fund Management LLC now owns 43,464 shares of the company valued at $ 807,000 after purchasing an additional 1,880 shares during the period. 97.21% of the shares are currently held by institutional investors.
Mattel, Inc is a global children’s entertainment company specializing in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO, and MEGA. It operates through the following segments: North America, International and American Girl.
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