Mattel (NASDAQ:MAT) issued its quarterly earnings results on Thursday, October 25th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02), Fidelity Earnings reports. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%.
NASDAQ:MAT traded down $0.37 during trading hours on Friday, reaching $13.55. The company had a trading volume of 3,640,618 shares, compared to its average volume of 4,856,305. Mattel has a 1-year low of $12.21 and a 1-year high of $19.21. The company has a market capitalization of $4.99 billion, a PE ratio of -12.55 and a beta of 1.10. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 4.28.
Several brokerages have weighed in on MAT. BidaskClub downgraded Mattel from a “buy” rating to a “hold” rating in a report on Friday, July 13th. Zacks Investment Research raised Mattel from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. ValuEngine raised Mattel from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Jefferies Financial Group set a $14.00 target price on Mattel and gave the stock a “hold” rating in a report on Wednesday, August 1st. Finally, Consumer Edge began coverage on Mattel in a report on Monday, August 13th. They set an “equal weight” rating for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Mattel currently has an average rating of “Hold” and an average target price of $15.22.
Mattel Company Profile
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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