Brokerages Expect Mattel, Inc. (NASDAQ:MAT) Will Post Earnings of $0.65 Per Share
Equities research analysts expect Mattel, Inc. (NASDAQ:MAT) to report $0.65 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for Mattel’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.59. Mattel reported earnings per share of $0.70 during the same quarter last year, which suggests a negative year over year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 18th.
According to Zacks, analysts expect that Mattel will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.62 to $1.15. For the next year, analysts expect that the company will post earnings of $1.00 per share, with EPS estimates ranging from $0.77 to $1.45. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Mattel.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The business had revenue of $974.50 million during the quarter, compared to analysts’ expectations of $972.36 million. During the same period in the prior year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis.
A number of research firms have commented on MAT. UBS AG reissued a “buy” rating and issued a $32.00 target price on shares of Mattel in a report on Saturday, April 22nd. MKM Partners reduced their target price on Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a report on Monday, July 3rd. BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Stifel Nicolaus reissued a “hold” rating and issued a $26.00 target price on shares of Mattel in a report on Sunday, April 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $17.00 target price (down previously from $19.00) on shares of Mattel in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $26.53.
In related news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the transaction, the chief executive officer now owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Mattel by 3,220.3% in the first quarter. BlackRock Inc. now owns 35,888,132 shares of the company’s stock worth $919,097,000 after buying an additional 34,807,257 shares in the last quarter. American Century Companies Inc. boosted its stake in Mattel by 100.0% in the first quarter. American Century Companies Inc. now owns 5,198,506 shares of the company’s stock worth $133,134,000 after buying an additional 2,599,325 shares in the last quarter. Credit Suisse AG boosted its stake in Mattel by 165.6% in the first quarter. Credit Suisse AG now owns 3,131,042 shares of the company’s stock worth $80,186,000 after buying an additional 1,951,994 shares in the last quarter. Fairpointe Capital LLC boosted its stake in Mattel by 36.1% in the first quarter. Fairpointe Capital LLC now owns 6,432,845 shares of the company’s stock worth $164,745,000 after buying an additional 1,707,158 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Mattel by 4.0% in the first quarter. Vanguard Group Inc. now owns 33,667,203 shares of the company’s stock worth $862,217,000 after buying an additional 1,279,790 shares in the last quarter. Institutional investors own 93.82% of the company’s stock.
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Mattel (NASDAQ:MAT) traded up 0.11% on Friday, reaching $19.00. The company’s stock had a trading volume of 6,239,274 shares. The company’s 50 day moving average price is $20.84 and its 200-day moving average price is $23.75. The stock has a market cap of $6.52 billion, a PE ratio of 27.26 and a beta of 0.84. Mattel has a 12-month low of $18.79 and a 12-month high of $34.24.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, August 21st. This represents a $0.60 annualized dividend and a yield of 3.16%. Mattel’s dividend payout ratio (DPR) is presently 220.29%.
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.
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