Mattel (MAT) Posts Quarterly Earnings, Misses Expectations By $0.10 EPS
Mattel (NYSE:MAT) issued its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.10, Stock Ratings Network reports. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion.
Mattel (NYSE:MAT) opened at 39.03 on Thursday. Mattel has a 1-year low of $34.98 and a 1-year high of $47.94. The stock has a 50-day moving average of $39. and a 200-day moving average of $39.38. The company has a market cap of $13.241 billion and a price-to-earnings ratio of 15.87.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Wednesday, August 27th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.89%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Mattel in a research note on Friday, May 23rd. They now have a $41.00 price target on the stock. On the ratings front, analysts at MKM Partners reiterated a “buy” rating on shares of Mattel in a research note on Monday, April 21st. They now have a $44.00 price target on the stock, down previously from $45.00. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Mattel has a consensus rating of “Hold” and an average price target of $41.63.
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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