Mattel, Inc. (MAT) Posts Earnings Results, Misses Expectations By $0.05 EPS

Mattel, Inc. (NASDAQ:MAT) issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.05, Bloomberg Earnings reports. The business had revenue of $974.50 million for the quarter, compared to analyst estimates of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS.

Mattel (NASDAQ:MAT) traded down 0.29% during trading on Tuesday, reaching $17.38. 1,873,197 shares of the company were exchanged. Mattel has a 52-week low of $17.21 and a 52-week high of $33.98. The firm’s 50 day moving average is $20.21 and its 200 day moving average is $23.03. The stock has a market capitalization of $5.96 billion, a PE ratio of 24.94 and a beta of 0.84.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 23rd will be given a $0.15 dividend. The ex-dividend date is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 3.44%. Mattel’s dividend payout ratio (DPR) is 220.29%.

In related news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was acquired at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the transaction, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.88% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. ELM Advisors LLC increased its position in shares of Mattel by 10.9% in the first quarter. ELM Advisors LLC now owns 10,133 shares of the company’s stock valued at $260,000 after buying an additional 1,000 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in shares of Mattel during the first quarter valued at about $297,000. Gulf International Bank UK Ltd increased its position in shares of Mattel by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 102,850 shares of the company’s stock valued at $2,633,000 after buying an additional 1,700 shares during the last quarter. Creative Planning increased its position in shares of Mattel by 19.0% in the first quarter. Creative Planning now owns 19,263 shares of the company’s stock valued at $493,000 after buying an additional 3,076 shares during the last quarter. Finally, Cornerstone Investment Partners LLC increased its position in shares of Mattel by 12.0% in the first quarter. Cornerstone Investment Partners LLC now owns 59,945 shares of the company’s stock valued at $1,535,000 after buying an additional 6,445 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Several analysts have recently issued reports on MAT shares. Argus cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Barclays PLC reissued an “equal weight” rating and set a $25.00 price target (down previously from $30.00) on shares of Mattel in a research report on Sunday, April 23rd. Zacks Investment Research cut shares of Mattel from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Monness Crespi & Hardt reduced their target price on shares of Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $30.00 target price on shares of Mattel in a report on Tuesday, May 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.53.

Mattel Company Profile

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.