DA Davidson Weighs in on Mattel, Inc.’s FY2017 Earnings (MAT)

Mattel, Inc. (NASDAQ:MAT) – Research analysts at DA Davidson lowered their FY2017 EPS estimates for Mattel in a report released on Tuesday. DA Davidson analyst L. Weiser now expects that the company will post earnings of ($0.13) per share for the year, down from their previous estimate of $0.05. DA Davidson has a “Neutral” rating and a $12.00 price objective on the stock. DA Davidson also issued estimates for Mattel’s Q4 2017 earnings at $0.24 EPS.

Several other equities analysts have also commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $14.00 target price (down from $34.00) on shares of Mattel in a research note on Wednesday. Jefferies Group set a $14.00 target price on Mattel and gave the company a “hold” rating in a research note on Tuesday. Monness Crespi & Hardt lowered Mattel from a “buy” rating to a “neutral” rating in a research note on Tuesday. BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, ValuEngine upgraded Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $21.54.

Mattel (NASDAQ:MAT) opened at $15.48 on Thursday. The company has a market capitalization of $5,582.17, a price-to-earnings ratio of 108.27 and a beta of 1.00. Mattel has a 12 month low of $12.71 and a 12 month high of $31.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business’s revenue was down 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.70 earnings per share.

A number of hedge funds have recently bought and sold shares of MAT. Highlander Capital Management LLC purchased a new stake in Mattel during the second quarter valued at about $105,000. Penserra Capital Management LLC grew its position in Mattel by 26.6% during the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after acquiring an additional 1,287 shares during the period. Zeke Capital Advisors LLC purchased a new stake in Mattel during the third quarter valued at about $163,000. Hartland & Co. LLC purchased a new stake in Mattel during the third quarter valued at about $165,000. Finally, ETF Managers Group LLC purchased a new stake in Mattel during the second quarter valued at about $195,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

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Mattel Company Profile

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.

Earnings History and Estimates for Mattel (NASDAQ:MAT)

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