Mattel, Inc. (MAT) to Release Earnings on Thursday
Mattel, Inc. (NASDAQ:MAT) is scheduled to release its earnings data on Thursday, October 26th. Analysts expect Mattel to post earnings of $0.62 per share for the quarter.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, July 27th. The company reported ($0.14) EPS 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 firm had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. During the same quarter last year, the business posted ($0.02) EPS. The firm’s revenue was up 1.8% on a year-over-year basis. On average, analysts expect Mattel to post $0.63 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.
Shares of Mattel, Inc. (MAT) opened at 15.63 on Thursday. The stock has a 50 day moving average of $15.52 and a 200 day moving average of $19.80. The firm has a market cap of $5.36 billion, a PE ratio of 22.42 and a beta of 0.86. Mattel, Inc. has a 1-year low of $14.35 and a 1-year high of $33.23.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was bought at an average cost of $19.61 per share, with a total value of $248,262.60. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
A number of brokerages recently issued reports on MAT. UBS AG reiterated a “buy” rating and issued a $26.00 target price (down previously from $29.00) on shares of Mattel in a research report on Wednesday, June 21st. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $17.00 target price (down previously from $22.00) on shares of Mattel in a research report on Tuesday, October 10th. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a research report on Thursday, August 3rd. BidaskClub lowered shares of Mattel from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, DA Davidson decreased their target price on shares of Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.42.
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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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