-$0.01 EPS Expected for Mattel Inc (NASDAQ:MAT) This Quarter

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Brokerages predict that Mattel Inc (NASDAQ:MAT) will post earnings of ($0.01) per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Mattel’s earnings. The highest EPS estimate is $0.02 and the lowest is ($0.03). Mattel posted earnings of $0.04 per share in the same quarter last year, which suggests a negative year over year growth rate of 125%. The business is scheduled to report its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that Mattel will report full year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.46) to ($0.44). For the next financial year, analysts expect that the firm will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.15) to ($0.05). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Mattel.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.18. Mattel had a negative net margin of 4.53% and a negative return on equity of 26.03%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business earned $0.18 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year.

Several brokerages have recently issued reports on MAT. DZ Bank lowered shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 price target for the company. in a report on Tuesday, October 29th. SunTrust Banks decreased their price target on shares of Mattel to $12.00 and set a “hold” rating for the company in a report on Wednesday, September 11th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a report on Saturday, December 7th. Jefferies Financial Group set a $10.50 price target on shares of Mattel and gave the company a “hold” rating in a report on Friday, October 18th. Finally, UBS Group decreased their price target on shares of Mattel from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.45.

Shares of MAT stock traded up $0.53 on Friday, hitting $12.77. The stock had a trading volume of 240,111 shares, compared to its average volume of 2,684,087. Mattel has a twelve month low of $9.06 and a twelve month high of $17.26. The firm has a market cap of $4.24 billion, a P/E ratio of -11.21 and a beta of 1.66. The company has a current ratio of 1.60, a quick ratio of 1.14 and a debt-to-equity ratio of 6.30. The company has a fifty day moving average price of $11.60 and a two-hundred day moving average price of $11.36.

A number of hedge funds and other institutional investors have recently made changes to their positions in MAT. EdgePoint Investment Group Inc. boosted its stake in Mattel by 37.8% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 36,340,435 shares of the company’s stock worth $407,376,000 after purchasing an additional 9,962,282 shares during the period. BlackRock Inc. boosted its stake in Mattel by 34.9% in the 2nd quarter. BlackRock Inc. now owns 37,850,491 shares of the company’s stock worth $424,305,000 after purchasing an additional 9,786,835 shares during the period. Nuveen Asset Management LLC acquired a new position in Mattel in the 2nd quarter worth $55,087,000. Bank of New York Mellon Corp boosted its stake in Mattel by 45.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,577,323 shares of the company’s stock worth $40,102,000 after purchasing an additional 1,117,677 shares during the period. Finally, Primecap Management Co. CA boosted its stake in Mattel by 1.8% in the 2nd quarter. Primecap Management Co. CA now owns 51,773,109 shares of the company’s stock worth $580,377,000 after purchasing an additional 932,710 shares during the period.

About Mattel

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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