Mattel, Inc. (MAT) Posts Earnings Results, Misses Expectations By $0.15 EPS

Mattel, Inc. (NASDAQ:MAT) released its earnings results on Thursday. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.15. The firm earned $735.60 million during the quarter, compared to the consensus estimate of $797.60 million. Mattel had a return on equity of 15.52% and a net margin of 5.83%. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) EPS.

Mattel (NASDAQ:MAT) traded up 0.40% during trading on Thursday, hitting $25.21. The stock had a trading volume of 5,697,284 shares. Mattel has a 12 month low of $24.60 and a 12 month high of $34.24. The stock has a 50 day moving average price of $25.30 and a 200-day moving average price of $28.30. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 27.40 and a beta of 0.90.

Earnings History for Mattel (NASDAQ:MAT)

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 6.03%. Mattel’s dividend payout ratio (DPR) is presently 167.03%.

A number of analysts recently weighed in on MAT shares. B. Riley restated a “buy” rating and issued a $35.00 target price on shares of Mattel in a research report on Tuesday, January 31st. Vetr upgraded Mattel from a “hold” rating to a “strong-buy” rating and set a $30.97 target price for the company in a research report on Monday, January 30th. BMO Capital Markets restated an “outperform” rating and issued a $36.00 target price on shares of Mattel in a research report on Saturday, January 28th. Barclays PLC dropped their target price on Mattel to $30.00 in a research report on Thursday, January 26th. Finally, Goldman Sachs Group Inc started coverage on Mattel in a research report on Monday, February 13th. They issued a “neutral” rating and a $27.00 target price for the company. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $32.00.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by WKRB News and is owned by of WKRB News. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at http://www.wkrb13.com/markets/2065604/mattel-inc-mat-posts-earnings-results-misses-expectations-by-0-15-eps.html.

In related news, EVP Richard R. Gros purchased 9,610 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were acquired at an average cost of $26.02 per share, for a total transaction of $250,052.20. Following the acquisition, the executive vice president now owns 14,744 shares of the company’s stock, valued at approximately $383,638.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.88% of the company’s stock.

About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

5 Day Chart for NASDAQ:MAT

This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.wkrb13.com/markets/2065604/mattel-inc-mat-posts-earnings-results-misses-expectations-by-0-15-eps.html

Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.