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

Analysts forecast that Mattel Inc (NASDAQ:MAT) will report ($0.01) earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for Mattel’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.02. 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 issue its next quarterly earnings report on Thursday, February 6th.

On average, analysts expect that Mattel will report full year earnings of ($0.45) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.44). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.10) 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 analysts that cover Mattel.

Mattel (NASDAQ:MAT) last released its quarterly 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $0.18 EPS. Mattel’s revenue was up 3.1% on a year-over-year basis.

Several analysts recently commented on MAT shares. BidaskClub cut shares of Mattel from a “hold” rating to a “sell” rating in a report on Thursday. UBS Group reduced their target price on shares of Mattel from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. DZ Bank cut shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 target price for the company. in a research note on Tuesday, October 29th. Stifel Nicolaus reduced their target price on shares of Mattel from $14.00 to $13.50 and set a “hold” rating for the company in a research note on Tuesday, October 1st. Finally, DA Davidson reiterated a “neutral” rating on shares of Mattel in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.42.

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of Mattel by 361.4% in the second quarter. Bessemer Group Inc. now owns 2,353 shares of the company’s stock worth $27,000 after buying an additional 1,843 shares during the last quarter. Quadrant Capital Group LLC increased its position in Mattel by 85.3% during the third quarter. Quadrant Capital Group LLC now owns 2,476 shares of the company’s stock worth $26,000 after acquiring an additional 1,140 shares during the period. Parallax Volatility Advisers L.P. increased its position in Mattel by 104.3% during the second quarter. Parallax Volatility Advisers L.P. now owns 2,644 shares of the company’s stock worth $30,000 after acquiring an additional 63,534 shares during the period. Vista Private Wealth Partners. LLC bought a new position in Mattel during the third quarter worth $33,000. Finally, Huntington National Bank increased its position in Mattel by 550.9% during the third quarter. Huntington National Bank now owns 2,929 shares of the company’s stock worth $33,000 after acquiring an additional 2,479 shares during the period.

Shares of MAT stock traded down $0.56 during midday trading on Thursday, reaching $11.76. 2,693,000 shares of the company were exchanged, compared to its average volume of 4,984,179. The company has a debt-to-equity ratio of 6.30, a quick ratio of 1.14 and a current ratio of 1.60. The company has a market cap of $4.27 billion, a P/E ratio of -10.32 and a beta of 1.68. The company’s 50 day moving average price is $11.34 and its two-hundred day moving average price is $11.33. Mattel has a 12 month low of $9.06 and a 12 month high of $17.26.

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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