$0.21 Earnings Per Share Expected for Mattel, Inc. (MAT) This Quarter

Equities analysts forecast that Mattel, Inc. (NASDAQ:MAT) will report earnings per share of $0.21 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Mattel’s earnings, with estimates ranging from $0.13 to $0.26. Mattel reported earnings per share of $0.52 during the same quarter last year, which suggests a negative year-over-year growth rate of 59.6%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, February 1st.

On average, analysts expect that Mattel will report full year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.24) to ($0.11). For the next year, analysts expect that the company will post earnings of $0.40 per share, with EPS estimates ranging from $0.16 to $0.79. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Mattel.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Mattel’s revenue was down 13.1% on a year-over-year basis.

A number of equities research analysts have weighed in on MAT shares. UBS Group set a $22.00 target price on shares of Mattel and gave the company a “buy” rating in a research note on Friday, October 27th. Monness Crespi & Hardt boosted their target price on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. TheStreet lowered shares of Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. Stifel Nicolaus decreased their target price on shares of Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. Finally, SunTrust Banks reiterated a “hold” rating and set a $17.00 target price (down from $22.00) on shares of Mattel in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.25.

Several hedge funds have recently modified their holdings of MAT. Janus Henderson Group PLC grew its position in shares of Mattel by 19,570.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after acquiring an additional 9,568,634 shares during the period. Parnassus Investments CA grew its position in shares of Mattel by 92.5% during the 3rd quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after acquiring an additional 7,719,364 shares during the period. Bank of New York Mellon Corp grew its position in shares of Mattel by 20.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after acquiring an additional 2,253,399 shares during the period. Fairpointe Capital LLC grew its position in shares of Mattel by 24.3% during the 2nd quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock valued at $172,099,000 after acquiring an additional 1,560,624 shares during the period. Finally, Capital World Investors grew its position in shares of Mattel by 232.1% during the 2nd quarter. Capital World Investors now owns 1,559,700 shares of the company’s stock valued at $33,580,000 after acquiring an additional 1,090,000 shares during the period.

Shares of Mattel (NASDAQ:MAT) traded up $0.91 during midday trading on Thursday, reaching $16.14. 8,926,368 shares of the company were exchanged, compared to its average volume of 5,830,000. Mattel has a 52 week low of $12.71 and a 52 week high of $31.60. The stock has a market cap of $5,550.00, a price-to-earnings ratio of -9.22, a P/E/G ratio of 4.37 and a beta of 1.01. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.

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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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