Mattel (NASDAQ:MAT) – Equities research analysts at B. Riley decreased their Q3 2018 EPS estimates for shares of Mattel in a research note issued on Thursday, April 19th. B. Riley analyst S. Anderson now anticipates that the company will earn $0.34 per share for the quarter, down from their previous forecast of $0.40. B. Riley also issued estimates for Mattel’s FY2019 earnings at $0.50 EPS.
Several other equities research analysts have also issued reports on MAT. BidaskClub raised Mattel from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $16.00 price objective on shares of Mattel in a report on Monday, January 29th. Barclays lifted their price objective on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, February 5th. Finally, Citigroup lifted their price objective on Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.58.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.93). Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was down 12.2% on a year-over-year basis.
Large investors have recently made changes to their positions in the stock. Calton & Associates Inc. purchased a new position in Mattel during the 4th quarter valued at about $112,000. Wolverine Asset Management LLC purchased a new position in Mattel during the 4th quarter valued at about $177,000. Virtu Financial LLC purchased a new position in Mattel during the 4th quarter valued at about $187,000. Marathon Trading Investment Management LLC purchased a new position in Mattel during the 4th quarter valued at about $194,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Mattel during the 4th quarter valued at about $206,000.
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Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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