Mattel, Inc. (NASDAQ:MAT) – Equities researchers at SunTrust Banks reduced their Q3 2018 EPS estimates for Mattel in a research report issued on Thursday. SunTrust Banks analyst M. Swartz now forecasts that the company will earn $0.25 per share for the quarter, down from their previous forecast of $0.37. SunTrust Banks also issued estimates for Mattel’s Q4 2018 earnings at $0.16 EPS and FY2019 earnings at $0.48 EPS.
Other research analysts have also issued reports about the company. Citigroup increased their price objective on Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. UBS Group set a $18.00 price target on Mattel and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Barclays upped their price target on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, February 5th. Jefferies Group set a $17.00 price target on Mattel and gave the stock a “hold” rating in a research note on Saturday, December 2nd. 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, twelve have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.33.
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 the consensus estimate of $0.21 by ($0.93). The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share.
A number of institutional investors have recently bought and sold shares of the business. Parnassus Investments CA raised its stake in Mattel by 33.2% in the fourth quarter. Parnassus Investments CA now owns 21,391,928 shares of the company’s stock valued at $329,008,000 after buying an additional 5,327,564 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Mattel by 20.6% in 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 buying an additional 2,253,399 shares in the last quarter. Fairpointe Capital LLC raised its stake in Mattel by 1.3% in the fourth quarter. Fairpointe Capital LLC now owns 10,178,283 shares of the company’s stock valued at $156,542,000 after buying an additional 129,516 shares in the last quarter. Ariel Investments LLC raised its stake in Mattel by 10.1% in the fourth quarter. Ariel Investments LLC now owns 9,151,114 shares of the company’s stock valued at $140,744,000 after buying an additional 837,481 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Mattel by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 3,955,563 shares of the company’s stock valued at $60,723,000 after buying an additional 179,455 shares in the last quarter. 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.
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