Brokerages Anticipate Mattel Inc (NASDAQ:MAT) Will Post Earnings of -$0.01 Per Share

Wall Street analysts expect Mattel Inc (NASDAQ:MAT) to post earnings per share (EPS) of ($0.01) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Mattel’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.02. Mattel reported earnings of $0.04 per share in the same quarter last year, which would indicate a negative year over year growth rate of 125%. The firm is expected to report its next earnings report on Thursday, February 6th.

On average, analysts expect that Mattel will report full-year earnings of ($0.45) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.44). For the next financial year, analysts anticipate that the business will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.15) to ($0.05). Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Mattel.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.18. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Mattel had a negative net margin of 4.53% and a negative return on equity of 26.03%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share.

A number of analysts have weighed in on MAT shares. Jefferies Financial Group set a $10.50 target price on shares of Mattel and gave the stock a “hold” rating in a report on Friday, October 18th. DA Davidson reissued a “neutral” rating on shares of Mattel in a report on Tuesday, July 30th. UBS Group dropped their target price on shares of Mattel from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. BidaskClub cut shares of Mattel from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus lowered their price target on shares of Mattel from $14.00 to $13.50 and set a “hold” rating for the company in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.42.

Several institutional investors have recently added to or reduced their stakes in MAT. EdgePoint Investment Group Inc. grew its position in Mattel by 37.8% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 36,340,435 shares of the company’s stock valued at $407,376,000 after buying an additional 9,962,282 shares in the last quarter. BlackRock Inc. lifted its holdings in Mattel by 34.9% in the 2nd quarter. BlackRock Inc. now owns 37,850,491 shares of the company’s stock valued at $424,305,000 after acquiring an additional 9,786,835 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Mattel in the 2nd quarter valued at about $55,087,000. State of New Jersey Common Pension Fund D lifted its holdings in Mattel by 950.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,100,000 shares of the company’s stock valued at $23,541,000 after acquiring an additional 1,900,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Mattel by 45.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,577,323 shares of the company’s stock valued at $40,102,000 after acquiring an additional 1,117,677 shares during the last quarter.

Shares of NASDAQ:MAT traded down $0.04 on Thursday, reaching $11.69. 1,779,702 shares of the company’s stock were exchanged, compared to its average volume of 6,054,820. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -10.25 and a beta of 1.68. Mattel has a fifty-two week low of $9.06 and a fifty-two week high of $17.26. The business’s 50-day moving average is $11.37 and its two-hundred day moving average is $11.32. The company has a quick ratio of 1.14, a current ratio of 1.60 and a debt-to-equity ratio of 6.30.

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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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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