Q4 2017 Earnings Forecast for Mattel, Inc. (MAT) Issued By Jefferies Group

Mattel, Inc. (NASDAQ:MAT) – Stock analysts at Jefferies Group decreased their Q4 2017 EPS estimates for Mattel in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Wissink now expects that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.18. Jefferies Group has a “Hold” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Mattel’s Q4 2018 earnings at $0.26 EPS, Q3 2019 earnings at $0.47 EPS and Q4 2019 earnings at $0.40 EPS.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for 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%. Mattel’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share.

Several other analysts also recently weighed in on MAT. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. ValuEngine raised shares of Mattel from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Monness Crespi & Hardt boosted their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. DA Davidson raised shares of Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price objective on the stock in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mattel in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mattel presently has a consensus rating of “Hold” and an average target price of $20.25.

Mattel (MAT) opened at $16.09 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a market cap of $5,547.79, a price-to-earnings ratio of -9.25, a price-to-earnings-growth ratio of 4.37 and a beta of 1.01. Mattel has a one year low of $12.71 and a one year high of $31.60.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Highlander Capital Management LLC acquired a new stake in shares of Mattel during the second quarter worth $105,000. Zeke Capital Advisors LLC acquired a new stake in shares of Mattel during the third quarter worth $163,000. Hartland & Co. LLC acquired a new stake in shares of Mattel in the 3rd quarter worth about $165,000. ETF Managers Group LLC acquired a new stake in shares of Mattel in the 2nd quarter worth about $195,000. Finally, National Asset Management Inc. acquired a new stake in shares of Mattel in the 2nd quarter worth about $213,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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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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