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.
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.
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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.
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.
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