Mattel, Inc. (NASDAQ:MAT) Expected to Announce Quarterly Sales of $682.98 Million

Wall Street analysts forecast that Mattel, Inc. (NASDAQ:MAT) will report sales of $682.98 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mattel’s earnings. The lowest sales estimate is $640.00 million and the highest is $718.10 million. Mattel reported sales of $594.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15%. The firm is expected to report its next earnings results on Tuesday, May 4th.

On average, analysts expect that Mattel will report full-year sales of $4.82 billion for the current fiscal year, with estimates ranging from $4.78 billion to $4.86 billion. For the next financial year, analysts forecast that the firm will post sales of $5.02 billion, with estimates ranging from $4.97 billion to $5.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Mattel.

Mattel (NASDAQ:MAT) last released its earnings results on Monday, February 8th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.17. Mattel had a positive return on equity of 30.41% and a negative net margin of 0.08%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year.

MAT has been the subject of several research analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Mattel in a research report on Wednesday, December 9th. They set a “neutral” rating and a $17.50 target price for the company. UBS Group upgraded Mattel from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $18.00 in a report on Friday, November 6th. KeyCorp lifted their price objective on Mattel from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, February 10th. TheStreet upgraded Mattel from a “c” rating to a “b-” rating in a report on Tuesday, February 9th. Finally, BMO Capital Markets lifted their price objective on Mattel from $20.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, February 16th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.31.

Shares of NASDAQ:MAT traded up $0.05 on Tuesday, hitting $19.51. 3,797,129 shares of the company’s stock were exchanged, compared to its average volume of 2,508,287. Mattel has a 12 month low of $6.53 and a 12 month high of $19.83. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of -1,898.00 and a beta of 1.43. The business’s 50 day simple moving average is $18.47 and its two-hundred day simple moving average is $14.77. The company has a debt-to-equity ratio of 7.05, a current ratio of 1.57 and a quick ratio of 1.17.

Several hedge funds have recently modified their holdings of MAT. Tompkins Financial Corp purchased a new stake in shares of Mattel during the fourth quarter worth about $25,000. KBC Group NV boosted its position in Mattel by 160.8% in the third quarter. KBC Group NV now owns 2,204 shares of the company’s stock valued at $26,000 after buying an additional 1,359 shares during the last quarter. Freedman Financial Associates Inc. purchased a new stake in Mattel in the fourth quarter valued at approximately $28,000. Captrust Financial Advisors boosted its position in Mattel by 113.1% in the fourth quarter. Captrust Financial Advisors now owns 1,677 shares of the company’s stock valued at $29,000 after buying an additional 890 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in Mattel by 56.5% in the third quarter. Whittier Trust Co. now owns 2,771 shares of the company’s stock valued at $32,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

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, as well as content, gaming, and lifestyle products for children under the Barbie, Enchantimals, and Polly Pocket brands; dolls and books under the American Girl brand name; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, Fireman Sam, and Shimmer and Shine brands.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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