Mattel, Inc. Expected to Earn FY2017 Earnings of ($0.11) Per Share (MAT)

Mattel, Inc. (NASDAQ:MAT) – Investment analysts at B. Riley issued their FY2017 earnings per share (EPS) estimates for shares of Mattel in a research report issued on Wednesday. B. Riley analyst S. Anderson anticipates that the company will post earnings of ($0.11) per share for the year. B. Riley has a “Neutral” rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Mattel’s Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at ($0.30) EPS and FY2018 earnings at $0.34 EPS.

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

A number of other research analysts also recently issued reports on the company. ValuEngine downgraded Mattel from a “hold” rating to a “sell” rating in a report on Friday, October 27th. DA Davidson cut their price target on Mattel from $14.00 to $13.00 and set an “underperform” rating on the stock in a report on Friday, September 22nd. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $14.00 price target (down from $34.00) on shares of Mattel in a report on Wednesday, December 13th. Finally, UBS Group reissued a “buy” rating and issued a $23.00 price objective on shares of Mattel in a research report on Saturday, September 16th. Twelve equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.25.

Mattel (NASDAQ:MAT) opened at $15.84 on Monday. The company has a market capitalization of $5,490.00, a price-to-earnings ratio of -9.05 and a beta of 1.00. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $31.60. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31.

Several institutional investors have recently bought and sold shares of MAT. Steward Partners Investment Advisory LLC purchased a new position in Mattel in the third quarter valued at about $375,000. Coastline Trust Co increased its stake in shares of Mattel by 44.4% during the 3rd quarter. Coastline Trust Co now owns 20,360 shares of the company’s stock worth $315,000 after purchasing an additional 6,260 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Mattel by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock worth $15,404,000 after purchasing an additional 100,722 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Mattel during the 3rd quarter worth approximately $236,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Mattel by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 298,913 shares of the company’s stock worth $4,627,000 after purchasing an additional 3,801 shares in the last quarter. 93.67% of the stock is currently owned by institutional investors and hedge funds.

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About Mattel

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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