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

Wall Street brokerages forecast that Mattel Inc (NASDAQ:MAT) will post ($0.01) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Mattel’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.02. Mattel reported earnings per share of $0.04 in the same quarter last year, which indicates a negative year-over-year growth rate of 125%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, February 13th.

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 post earnings of ($0.12) per share, with EPS estimates ranging from ($0.15) to ($0.07). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Mattel.

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

Several analysts have commented on the stock. ValuEngine upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. DZ Bank lowered Mattel from a “hold” rating to a “sell” rating and set a $46.00 price objective for the company. in a research report on Tuesday, October 29th. JPMorgan Chase & Co. began coverage on Mattel in a report on Monday. They issued an “overweight” rating and a $17.00 target price on the stock. BidaskClub upgraded Mattel from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Jefferies Financial Group set a $10.50 target price on Mattel and gave the stock a “hold” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.05.

NASDAQ MAT traded down $0.16 on Wednesday, reaching $14.12. The company had a trading volume of 2,356,835 shares, compared to its average volume of 3,636,368. The company has a quick ratio of 1.14, a current ratio of 1.60 and a debt-to-equity ratio of 6.30. The stock has a market capitalization of $4.95 billion, a PE ratio of -23.53 and a beta of 1.70. The firm’s 50 day moving average price is $13.71 and its 200 day moving average price is $12.00. Mattel has a 12 month low of $9.06 and a 12 month high of $17.26.

Hedge funds have recently added to or reduced their stakes in the business. World Asset Management Inc lifted its stake in shares of Mattel by 7.1% in the 3rd quarter. World Asset Management Inc now owns 32,260 shares of the company’s stock valued at $367,000 after purchasing an additional 2,150 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Mattel by 27.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,981 shares of the company’s stock valued at $57,000 after buying an additional 1,071 shares during the period. Great Lakes Advisors LLC raised its holdings in Mattel by 25.0% during the 3rd quarter. Great Lakes Advisors LLC now owns 174,188 shares of the company’s stock valued at $1,984,000 after buying an additional 34,804 shares during the period. Stifel Financial Corp lifted its position in Mattel by 7.0% in the third quarter. Stifel Financial Corp now owns 54,521 shares of the company’s stock worth $608,000 after buying an additional 3,558 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in Mattel by 5.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 108,074 shares of the company’s stock worth $1,231,000 after buying an additional 5,583 shares during the last quarter.

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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