Brokerages predict that Mattel, Inc. (NASDAQ:MAT) will post earnings of ($0.08) per share for the current quarter, according to Zacks. Six analysts have made estimates for Mattel’s earnings, with estimates ranging from ($0.13) to ($0.03). Mattel reported earnings of ($0.02) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 300%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, July 27th.
On average, analysts expect that Mattel will report full-year earnings of $0.95 per share for the current year, with EPS estimates ranging from $0.74 to $1.15. For the next fiscal year, analysts expect that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $0.87 to $1.46. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Mattel.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, April 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.15. Mattel had a net margin of 5.22% and a return on equity of 13.19%. The business had revenue of $735.60 million during the quarter, compared to analyst estimates of $797.60 million. During the same period in the previous year, the business posted ($0.14) EPS. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year.
A number of brokerages have recently commented on MAT. Argus downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Barclays PLC restated an “equal weight” rating and issued a $25.00 target price (down previously from $30.00) on shares of Mattel in a research note on Sunday, April 23rd. Zacks Investment Research upgraded Mattel from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Monness Crespi & Hardt lowered their target price on Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, April 21st. Finally, DA Davidson restated a “buy” rating and issued a $30.00 target price on shares of Mattel in a research note on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.03.
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Mattel (MAT) traded up 0.05% during trading on Monday, reaching $21.31. 3,931,055 shares of the company’s stock were exchanged. The stock has a market cap of $7.30 billion, a PE ratio of 26.74 and a beta of 0.85. Mattel has a 12 month low of $19.41 and a 12 month high of $34.24. The firm has a 50 day moving average of $21.27 and a 200-day moving average of $24.32.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 2.82%. Mattel’s dividend payout ratio is presently 192.41%.
In other Mattel news, Director Dean A. Scarborough bought 47,000 shares of the business’s stock in a transaction on Monday, April 24th. The stock was bought at an average price of $21.95 per share, with a total value of $1,031,650.00. Following the completion of the purchase, the director now directly owns 77,573 shares in the company, valued at $1,702,727.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAT. Oakbrook Investments LLC purchased a new position in Mattel during the second quarter valued at approximately $298,000. Louisiana State Employees Retirement System raised its position in Mattel by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $456,000 after buying an additional 200 shares during the period. LS Investment Advisors LLC raised its position in Mattel by 12.7% in the second quarter. LS Investment Advisors LLC now owns 15,067 shares of the company’s stock worth $324,000 after buying an additional 1,703 shares during the period. Windward Capital Management Co. CA raised its position in Mattel by 41.8% in the second quarter. Windward Capital Management Co. CA now owns 30,138 shares of the company’s stock worth $649,000 after buying an additional 8,882 shares during the period. Finally, Concorde Asset Management LLC raised its position in Mattel by 4.4% in the second quarter. Concorde Asset Management LLC now owns 11,172 shares of the company’s stock worth $241,000 after buying an additional 470 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.
About Mattel
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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