Q1 2018 EPS Estimates for Mattel Lowered by Analyst (MAT)

Mattel (NASDAQ:MAT) – Investment analysts at KeyCorp lowered their Q1 2018 earnings estimates for Mattel in a research note issued on Wednesday. KeyCorp analyst B. Andress now anticipates that the company will post earnings per share of ($0.40) for the quarter, down from their prior estimate of ($0.35). KeyCorp also issued estimates for Mattel’s Q2 2018 earnings at ($0.20) EPS, Q4 2018 earnings at ($0.08) EPS and FY2018 earnings at ($0.40) EPS.

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Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 last year, the company earned $0.52 earnings per share. Mattel’s revenue for the quarter was down 12.2% compared to the same quarter last year.

Several other research firms have also recently commented on MAT. Jefferies Group set a $17.00 price target on shares of Mattel and gave the company a “hold” rating in a research note on Saturday, December 2nd. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Stifel Nicolaus reissued a “hold” rating and set a $16.00 price target on shares of Mattel in a research note on Monday, January 29th. Barclays increased their price target on shares of Mattel from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, February 5th. Finally, UBS set a $18.00 price target on shares of Mattel and gave the company a “buy” rating in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.83.

Shares of Mattel (NASDAQ MAT) opened at $13.02 on Monday. Mattel has a 52 week low of $12.71 and a 52 week high of $25.97. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92. The company has a market cap of $4,550.10, a P/E ratio of -4.25 and a beta of 0.94.

A number of institutional investors and hedge funds have recently bought and sold shares of MAT. Nationwide Fund Advisors raised its holdings in Mattel by 45.7% in the third quarter. Nationwide Fund Advisors now owns 471,144 shares of the company’s stock worth $7,293,000 after purchasing an additional 147,872 shares during the period. Rhumbline Advisers raised its holdings in Mattel by 1.7% in the third quarter. Rhumbline Advisers now owns 630,310 shares of the company’s stock worth $9,757,000 after purchasing an additional 10,352 shares during the period. Russell Investments Group Ltd. raised its holdings in Mattel by 632.6% in the third quarter. Russell Investments Group Ltd. now owns 409,627 shares of the company’s stock worth $6,341,000 after purchasing an additional 353,713 shares during the period. Ameriprise Financial Inc. raised its holdings in Mattel by 9.6% in the third quarter. Ameriprise Financial Inc. now owns 952,642 shares of the company’s stock worth $14,747,000 after purchasing an additional 83,730 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in Mattel by 14.7% in the third quarter. Macquarie Group Ltd. now owns 407,300 shares of the company’s stock worth $6,305,000 after purchasing an additional 52,320 shares during the period. Institutional investors own 93.86% of the company’s stock.

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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.

Earnings History and Estimates for Mattel (NASDAQ:MAT)

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