Mattel Inc (NASDAQ:MAT) Expected to Announce Earnings of -$0.01 Per Share

Brokerages predict that Mattel Inc (NASDAQ:MAT) will post earnings of ($0.01) per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Mattel’s earnings. The highest EPS estimate is $0.02 and the lowest is ($0.03). Mattel posted earnings of $0.04 per share in the same quarter last year, which suggests a negative year over year growth rate of 125%. The business is scheduled to report its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that Mattel will report full year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.46) to ($0.44). For the next financial year, analysts expect that the firm will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.15) to ($0.05). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Mattel.

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

A number of brokerages recently issued reports on MAT. UBS Group dropped their target price on Mattel from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Jefferies Financial Group set a $10.50 target price on Mattel and gave the company a “hold” rating in a research report on Friday, October 18th. DZ Bank lowered Mattel from a “hold” rating to a “sell” rating and set a $46.00 target price on the stock. in a research report on Tuesday, October 29th. SunTrust Banks dropped their target price on Mattel to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, September 11th. Finally, BidaskClub raised Mattel from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Mattel currently has a consensus rating of “Hold” and a consensus price target of $16.45.

Large investors have recently bought and sold shares of the business. State Treasurer State of Michigan increased its position in shares of Mattel by 2.7% during the 2nd quarter. State Treasurer State of Michigan now owns 102,261 shares of the company’s stock worth $1,146,000 after purchasing an additional 2,700 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Mattel by 7.1% during the 3rd quarter. World Asset Management Inc now owns 32,260 shares of the company’s stock worth $367,000 after acquiring an additional 2,150 shares during the period. Comerica Bank boosted its stake in shares of Mattel by 170.2% during the 2nd quarter. Comerica Bank now owns 204,944 shares of the company’s stock worth $2,416,000 after acquiring an additional 129,093 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Mattel by 7.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,189,943 shares of the company’s stock worth $13,339,000 after acquiring an additional 79,928 shares during the period. Finally, Securian Asset Management Inc boosted its stake in shares of Mattel by 16.8% during the 2nd quarter. Securian Asset Management Inc now owns 41,486 shares of the company’s stock worth $465,000 after acquiring an additional 5,979 shares during the period.

Mattel stock traded up $0.33 during midday trading on Friday, reaching $12.07. The stock had a trading volume of 4,015,497 shares, compared to its average volume of 5,891,981. The firm’s fifty day simple moving average is $11.53 and its 200-day simple moving average is $11.33. Mattel has a 1-year low of $9.06 and a 1-year high of $17.26. The stock has a market capitalization of $4.18 billion, a P/E ratio of -10.59 and a beta of 1.66. The company has a debt-to-equity ratio of 6.30, a quick ratio of 1.14 and a current ratio of 1.60.

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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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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