-$0.01 EPS Expected for Mattel Inc (NASDAQ:MAT) This Quarter

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Equities research analysts expect Mattel Inc (NASDAQ:MAT) to announce earnings per share (EPS) of ($0.01) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Mattel’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.03). Mattel posted earnings per share of $0.04 during the same quarter last year, which indicates a negative year over year growth rate of 125%. The firm is scheduled to issue its next earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Mattel will report full-year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.46) to ($0.44). For the next fiscal year, analysts expect that the firm will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.15) to ($0.05). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Mattel.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.18. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.44 billion. Mattel had a negative return on equity of 26.03% and a negative net margin of 4.53%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research note on Saturday, December 7th. Jefferies Financial Group set a $10.50 target price on shares of Mattel and gave the company a “hold” rating in a research note on Friday, October 18th. SunTrust Banks cut their target price on shares of Mattel to $12.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. Stifel Nicolaus cut their target price on shares of Mattel from $14.00 to $13.50 and set a “hold” rating for the company in a research note on Tuesday, October 1st. Finally, DZ Bank cut shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 target price for the company. in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.45.

A number of hedge funds have recently bought and sold shares of the stock. Primecap Management Co. CA raised its position in Mattel by 1.8% in the 2nd quarter. Primecap Management Co. CA now owns 51,773,109 shares of the company’s stock worth $580,377,000 after purchasing an additional 932,710 shares during the last quarter. BlackRock Inc. raised its position in Mattel by 34.9% in the 2nd quarter. BlackRock Inc. now owns 37,850,491 shares of the company’s stock worth $424,305,000 after purchasing an additional 9,786,835 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in Mattel by 0.8% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 36,645,254 shares of the company’s stock worth $417,389,000 after purchasing an additional 304,819 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Mattel in the 2nd quarter worth approximately $55,087,000. Finally, Bank of New York Mellon Corp raised its position in Mattel by 45.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,577,323 shares of the company’s stock worth $40,102,000 after purchasing an additional 1,117,677 shares during the last quarter.

Shares of NASDAQ:MAT traded up $0.56 during trading on Friday, reaching $13.34. The stock had a trading volume of 5,712,922 shares, compared to its average volume of 2,733,517. Mattel has a 52 week low of $9.06 and a 52 week high of $17.26. The business’s 50-day moving average price is $11.71 and its 200 day moving average price is $11.38. The company has a debt-to-equity ratio of 6.30, a current ratio of 1.60 and a quick ratio of 1.14. The stock has a market capitalization of $4.24 billion, a PE ratio of -11.70 and a beta of 1.66.

About Mattel

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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