Mattel, Inc. (MAT) to Post Q2 2018 Earnings of ($0.21) Per Share, KeyCorp Forecasts

Mattel, Inc. (NASDAQ:MAT) – KeyCorp issued their Q2 2018 earnings estimates for Mattel in a research note issued to investors on Sunday. KeyCorp analyst B. Andress anticipates that the company will earn ($0.21) per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Mattel’s Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.20) EPS and FY2019 earnings at $0.30 EPS.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.93). Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the business earned $0.52 EPS. Mattel’s revenue for the quarter was down 12.2% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on the company. BidaskClub raised Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup increased their price target on Mattel from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays increased their price target on Mattel from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday. Stifel Nicolaus reiterated a “hold” rating and issued a $16.00 price target on shares of Mattel in a research note on Monday, January 29th. Finally, Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Mattel presently has a consensus rating of “Hold” and an average price target of $19.00.

Shares of Mattel (NASDAQ MAT) opened at $16.85 on Wednesday. Mattel has a 12-month low of $12.71 and a 12-month high of $26.80. The firm has a market capitalization of $5,578.73, a PE ratio of -5.51, a P/E/G ratio of 7.51 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92.

Several large investors have recently made changes to their positions in MAT. Thrivent Financial For Lutherans raised its position in Mattel by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after acquiring an additional 410 shares in the last quarter. Olstein Capital Management L.P. raised its position in Mattel by 375.4% during the third quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock valued at $8,346,000 after acquiring an additional 425,760 shares in the last quarter. Bank of New York Mellon Corp raised its position in Mattel by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after acquiring an additional 2,253,399 shares in the last quarter. AE Wealth Management LLC raised its position in Mattel by 36.8% during the third quarter. AE Wealth Management LLC now owns 68,209 shares of the company’s stock valued at $1,056,000 after acquiring an additional 18,349 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. raised its position in Mattel by 15.4% during the third quarter. Speece Thorson Capital Group Inc. now owns 817,010 shares of the company’s stock valued at $12,647,000 after acquiring an additional 108,895 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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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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