Brokerages Expect Mattel, Inc. (NASDAQ:MAT) Will Announce Earnings of $0.28 Per Share

Equities research analysts forecast that Mattel, Inc. (NASDAQ:MAT) will report earnings per share (EPS) of $0.28 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mattel’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.32. Mattel posted earnings per share of $0.11 during the same quarter last year, which suggests a positive year over year growth rate of 154.5%. The company is scheduled to announce its next earnings report on Thursday, February 11th.

On average, analysts expect that Mattel will report full-year earnings of ($0.12) per share for the current fiscal year, with EPS estimates ranging from ($0.18) to ($0.10). For the next financial year, analysts forecast that the company will report earnings of $0.20 per share, with EPS estimates ranging from ($0.08) to $0.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Mattel.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.57. Mattel had a negative net margin of 5.82% and a negative return on equity of 51.02%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of Mattel from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. MKM Partners boosted their price target on shares of Mattel from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday. BidaskClub upgraded shares of Mattel from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Wells Fargo & Company reiterated a “buy” rating on shares of Mattel in a research note on Friday, July 24th. Finally, TheStreet upgraded shares of Mattel from a “d” rating to a “c” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.46.

Institutional investors and hedge funds have recently bought and sold shares of the company. Atom Investors LP acquired a new position in shares of Mattel during the second quarter valued at about $103,000. Cigna Investments Inc. New acquired a new position in shares of Mattel during the second quarter valued at about $107,000. Teacher Retirement System of Texas acquired a new position in shares of Mattel during the second quarter valued at about $111,000. DAVENPORT & Co LLC acquired a new position in shares of Mattel during the third quarter valued at about $125,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Mattel during the second quarter valued at about $129,000.

MAT traded down $0.46 during midday trading on Friday, hitting $13.69. The company had a trading volume of 393,739 shares, compared to its average volume of 4,728,692. Mattel has a 52 week low of $6.53 and a 52 week high of $14.83. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 33.09. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -18.64 and a beta of 1.51. The stock’s 50 day moving average price is $11.76 and its 200 day moving average price is $10.38.

Mattel Company Profile

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, as well as content, gaming, and lifestyle products for children under the Barbie, Enchantimals, and Polly Pocket brands; dolls and books under the American Girl brand name; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, Fireman Sam, and Shimmer and Shine brands.

Recommended Story: What do I need to know about analyst ratings?

Get a free copy of the Zacks research report on Mattel (MAT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.