Zacks: Analysts Expect Mattel Inc (NASDAQ:MAT) to Announce $0.09 EPS

Wall Street brokerages expect Mattel Inc (NASDAQ:MAT) to announce earnings per share of $0.09 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Mattel’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at ($0.16). Mattel posted earnings of $0.18 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The firm is scheduled to issue its next earnings report on Thursday, October 24th.

On average, analysts expect that Mattel will report full-year earnings of ($0.58) per share for the current fiscal year, with EPS estimates ranging from ($0.71) to ($0.40). For the next financial year, analysts anticipate that the business will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.30) to $0.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Mattel.

Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, July 25th. The company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.10. The company had revenue of $860.10 million during the quarter, compared to analyst estimates of $822.24 million. Mattel had a negative net margin of 6.00% and a negative return on equity of 28.70%. Mattel’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.56) earnings per share.

Several brokerages have recently issued reports on MAT. Cfra reissued a “hold” rating on shares of Mattel in a research report on Friday, July 19th. UBS Group set a $14.00 target price on shares of Mattel and gave the company a “hold” rating in a report on Wednesday, May 8th. Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 23rd. BidaskClub raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised shares of Mattel from a “neutral” rating to an “overweight” rating in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.31.

MAT stock traded down $0.07 during mid-day trading on Thursday, hitting $10.54. 110,251 shares of the company were exchanged, compared to its average volume of 6,351,569. The company has a quick ratio of 1.11, a current ratio of 1.78 and a debt-to-equity ratio of 6.78. The firm has a market capitalization of $3.63 billion, a P/E ratio of -9.20 and a beta of 1.55. The business has a fifty day simple moving average of $12.18 and a 200-day simple moving average of $12.53. Mattel has a 12-month low of $9.09 and a 12-month high of $17.26.

Hedge funds have recently added to or reduced their stakes in the business. Allstate Corp purchased a new stake in Mattel in the 1st quarter valued at about $161,000. Cove Street Capital LLC grew its holdings in Mattel by 94.8% in the 1st quarter. Cove Street Capital LLC now owns 323,000 shares of the company’s stock valued at $4,199,000 after buying an additional 157,200 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Mattel by 20.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 1,110,015 shares of the company’s stock valued at $14,430,000 after buying an additional 189,564 shares during the period. Toronto Dominion Bank grew its holdings in Mattel by 15.6% in the 1st quarter. Toronto Dominion Bank now owns 251,630 shares of the company’s stock valued at $3,270,000 after buying an additional 34,036 shares during the period. Finally, Retirement Systems of Alabama grew its holdings in Mattel by 1.3% in the 1st quarter. Retirement Systems of Alabama now owns 160,829 shares of the company’s stock valued at $2,091,000 after buying an additional 2,117 shares during the period.

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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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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