Mattel (MAT) Set to Announce Earnings on Wednesday
Mattel (NYSE:MAT) is scheduled to post its Q313 quarterly earnings results on Wednesday, October 16th. Analysts expect Mattel to post earnings of $1.12 per share and revenue of $2.19 billion for the quarter.
Mattel (NYSE:MAT) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts expect Mattel to post $2.67 EPS for the current fiscal year and $2.99 EPS for the next fiscal year.
Mattel (NYSE:MAT) opened at 41.94 on Tuesday. Mattel has a one year low of $34.85 and a one year high of $48.48. The stock’s 50-day moving average is $41.73 and its 200-day moving average is $43.61. The company has a market cap of $14.451 billion and a P/E ratio of 18.74.
A number of analysts have recently weighed in on MAT shares. Analysts at SunTrust reiterated a “buy” rating on shares of Mattel in a research note to investors on Wednesday, October 9th. On a related note, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Mattel in a research note to investors on Monday, October 7th. They now have a $38.00 price target on the stock, down previously from $39.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Mattel in a research note to investors on Friday, September 6th. They now have a $43.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.42.
Mattel, Inc (NYSE:MAT) designs, manufactures and markets a variety of toy products worldwide which are sold to its customers and directly to consumers.
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