Mattel, Inc. (NASDAQ:MAT) Posts Earnings Results, Misses Estimates By $0.05 EPS
Mattel, Inc. (NASDAQ:MAT) issued its quarterly earnings results on Thursday. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.05, Bloomberg Earnings reports. The company had revenue of $974.50 million during the quarter, compared to the consensus estimate of $972.36 million. Mattel had a return on equity of 13.19% and a net margin of 5.22%. Mattel’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS.
Shares of Mattel (NASDAQ MAT) traded up 1.82% during midday trading on Thursday, reaching $21.30. 8,595,590 shares of the company’s stock traded hands. Mattel has a one year low of $19.41 and a one year high of $34.24. The company has a 50-day moving average of $21.05 and a 200-day moving average of $24.05. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 26.73 and a beta of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 annualized dividend and a yield of 2.82%. Mattel’s payout ratio is currently 192.41%.
A number of brokerages have recently commented on MAT. Zacks Investment Research raised shares of Mattel from a “sell” rating to a “hold” rating in a report on Friday, April 7th. B. Riley reissued a “buy” rating and issued a $30.50 price target (down previously from $35.00) on shares of Mattel in a report on Friday, April 21st. Monness Crespi & Hardt decreased their price target on shares of Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, April 21st. BMO Capital Markets reissued a “buy” rating on shares of Mattel in a report on Wednesday, June 7th. Finally, Argus cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Mattel presently has a consensus rating of “Buy” and an average price target of $27.89.
COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/27/mattel-inc-nasdaqmat-posts-earnings-results-misses-estimates-by-0-05-eps.html.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.