Brokerages Expect Mattel, Inc. (NASDAQ:MAT) to Announce $0.75 EPS

Equities analysts forecast that Mattel, Inc. (NASDAQ:MAT) will announce $0.75 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Mattel’s earnings, with estimates ranging from $0.56 to $0.88. Mattel posted earnings of $0.95 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 21.1%. The business is scheduled to announce its next earnings results on Thursday, October 28th.

On average, analysts expect that Mattel will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $0.85 to $1.17. For the next fiscal year, analysts anticipate that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.30 to $1.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Mattel.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, July 27th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $885.39 million. Mattel had a net margin of 6.32% and a return on equity of 89.86%. The company’s revenue was up 40.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.26) earnings per share.

Several equities analysts recently commented on the stock. TheStreet cut shares of Mattel from a “b-” rating to a “c+” rating in a research note on Friday. Zacks Investment Research cut shares of Mattel from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research note on Monday, June 28th. KeyCorp boosted their price objective on shares of Mattel from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 29th. DA Davidson boosted their price objective on shares of Mattel from $28.50 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mattel from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $23.10.

Shares of MAT traded down $0.19 during trading hours on Tuesday, hitting $20.31. The company’s stock had a trading volume of 3,096,543 shares, compared to its average volume of 2,491,075. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 21.84 and a beta of 1.51. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.94 and a quick ratio of 1.21. The business has a 50 day simple moving average of $20.98 and a two-hundred day simple moving average of $20.74. Mattel has a 52-week low of $10.71 and a 52-week high of $23.31.

Hedge funds and other institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC purchased a new stake in shares of Mattel in the 1st quarter worth about $40,000. Bessemer Group Inc. purchased a new stake in shares of Mattel in the 1st quarter worth about $46,000. Lazard Asset Management LLC purchased a new stake in shares of Mattel in the 2nd quarter worth about $52,000. Harvest Fund Management Co. Ltd grew its position in shares of Mattel by 101.1% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,016 shares of the company’s stock worth $61,000 after buying an additional 1,516 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Mattel by 105.7% in the 1st quarter. Captrust Financial Advisors now owns 3,450 shares of the company’s stock worth $69,000 after buying an additional 1,773 shares during the period. Institutional investors and hedge funds own 97.80% of the company’s stock.

About Mattel

Mattel, Inc is a global children’s entertainment company that specializes in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates through the following segments: North America, International and American Girl.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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