Mattel, Inc. (MAT) Expected to Post Earnings of -$0.42 Per Share

Wall Street brokerages forecast that Mattel, Inc. (NASDAQ:MAT) will announce earnings of ($0.42) per share for the current quarter, according to Zacks. Six analysts have provided estimates for Mattel’s earnings, with the highest EPS estimate coming in at ($0.34) and the lowest estimate coming in at ($0.59). Mattel reported earnings per share of ($0.60) during the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The company is expected to report its next earnings results on Thursday, April 25th.

On average, analysts expect that Mattel will report full-year earnings of ($0.07) per share for the current year, with EPS estimates ranging from ($0.57) to $0.30. For the next year, analysts expect that the firm will post earnings of $0.24 per share, with EPS estimates ranging from ($0.15) to $0.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Mattel.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, February 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.15. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. Mattel had a negative net margin of 11.77% and a negative return on equity of 43.47%. Mattel’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.72) earnings per share.

Several research analysts recently issued reports on MAT shares. SunTrust Banks reissued a “hold” rating and set a $13.00 target price on shares of Mattel in a research note on Monday, December 24th. ValuEngine raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. UBS Group set a $15.00 target price on shares of Mattel and gave the stock a “hold” rating in a research note on Thursday, November 1st. Citigroup cut their target price on shares of Mattel from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Finally, Barclays dropped their price objective on shares of Mattel from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Mattel currently has a consensus rating of “Hold” and an average price target of $14.46.

In other Mattel news, Director Roger Lynch acquired 8,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were purchased at an average cost of $13.50 per share, with a total value of $108,000.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at $108,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael J. Eilola sold 10,904 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $15.72, for a total transaction of $171,410.88. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAT. Oregon Public Employees Retirement Fund lifted its position in shares of Mattel by 906.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 373,676 shares of the company’s stock valued at $37,000 after purchasing an additional 336,550 shares in the last quarter. CSat Investment Advisory L.P. lifted its position in shares of Mattel by 112.4% during the fourth quarter. CSat Investment Advisory L.P. now owns 5,198 shares of the company’s stock valued at $52,000 after purchasing an additional 2,751 shares in the last quarter. Delta Asset Management LLC TN lifted its position in shares of Mattel by 19.2% during the fourth quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock valued at $71,000 after purchasing an additional 1,145 shares in the last quarter. Ffcm LLC lifted its position in shares of Mattel by 149.7% during the fourth quarter. Ffcm LLC now owns 7,802 shares of the company’s stock valued at $78,000 after purchasing an additional 4,678 shares in the last quarter. Finally, Federated Investors Inc. PA bought a new position in shares of Mattel during the third quarter valued at about $83,000.

NASDAQ MAT traded up $0.42 on Thursday, hitting $14.05. 8,136,038 shares of the company were exchanged, compared to its average volume of 8,450,602. The firm has a market cap of $4.84 billion, a PE ratio of -12.32, a P/E/G ratio of 16.08 and a beta of 1.38. Mattel has a 12 month low of $9.09 and a 12 month high of $17.98. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 4.26.

About Mattel

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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