Mattel, Inc. (NASDAQ:MAT) issued its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.49), Bloomberg Earnings reports. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The company’s revenue was down 13.1% compared to the same quarter last year.
Mattel (MAT) opened at $14.62 on Friday. The firm has a market cap of $4,788.15, a PE ratio of 92.87, a P/E/G ratio of 35.82 and a beta of 0.88. Mattel has a 12 month low of $12.71 and a 12 month high of $32.48. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
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MAT has been the subject of several research reports. Monness Crespi & Hardt increased their target price on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 price target on shares of Mattel in a research note on Thursday, September 7th. BMO Capital Markets raised their price target on Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Finally, UBS AG set a $26.00 target price on Mattel and gave the company a “buy” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Mattel has a consensus rating of “Hold” and a consensus target price of $21.46.
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.
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