Brokerages expect Mattel Inc (NASDAQ:MAT) to announce earnings of ($0.34) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Mattel’s earnings. The lowest EPS estimate is ($0.40) and the highest is ($0.26). Mattel posted earnings per share of ($0.56) in the same quarter last year, which would indicate a positive year over year growth rate of 39.3%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Mattel will report full-year earnings of ($0.54) per share for the current year, with EPS estimates ranging from ($0.85) to ($0.35). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.43) to $0.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Mattel.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.12. The company had revenue of $689.20 million during the quarter, compared to the consensus estimate of $652.36 million. Mattel had a negative net margin of 8.98% and a negative return on equity of 42.68%. Mattel’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.60) EPS.
A number of analysts have commented on MAT shares. Cfra downgraded shares of Mattel to a “sell” rating and set a $13.00 price objective for the company. in a report on Friday, February 8th. MKM Partners increased their price objective on shares of Mattel to $15.00 and gave the company a “neutral” rating in a report on Monday, February 11th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Zacks Investment Research raised shares of Mattel from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, February 13th. Finally, ValuEngine raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.31.
MAT stock traded down $0.07 during mid-day trading on Thursday, reaching $11.25. The company’s stock had a trading volume of 379,574 shares, compared to its average volume of 6,273,315. The company has a market cap of $3.92 billion, a price-to-earnings ratio of -9.87 and a beta of 1.41. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 5.50. Mattel has a fifty-two week low of $9.09 and a fifty-two week high of $17.98.
In related news, CEO Ynon Kreiz acquired 71,425 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was purchased at an average price of $14.02 per share, with a total value of $1,001,378.50. Following the transaction, the chief executive officer now owns 71,425 shares of the company’s stock, valued at approximately $1,001,378.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger Lynch acquired 8,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were bought at an average cost of $13.50 per share, with a total value of $108,000.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $108,000. The disclosure for this purchase can be found here. In the last three months, insiders bought 129,425 shares of company stock valued at $1,807,179. Corporate insiders own 1.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd increased its stake in Mattel by 93.9% in the first quarter. BlueCrest Capital Management Ltd now owns 36,963 shares of the company’s stock valued at $481,000 after purchasing an additional 17,903 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Mattel in the first quarter valued at $814,000. Macquarie Group Ltd. increased its stake in Mattel by 27.7% in the first quarter. Macquarie Group Ltd. now owns 9,960 shares of the company’s stock valued at $130,000 after purchasing an additional 2,160 shares during the period. Jefferies Group LLC increased its stake in Mattel by 38.1% in the first quarter. Jefferies Group LLC now owns 119,813 shares of the company’s stock valued at $1,558,000 after purchasing an additional 33,046 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in Mattel in the first quarter valued at $1,388,000.
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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