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.

TRADEMARK VIOLATION WARNING: “Brokerages Expect Mattel, Inc. (NASDAQ:MAT) Will Post Earnings of $0.65 Per Share” was reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/06/brokerages-expect-mattel-inc-nasdaqmat-will-post-earnings-of-0-65-per-share.html.

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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