Mattel, Inc. (NASDAQ:MAT) – Research analysts at DA Davidson decreased their FY2017 earnings estimates for shares of Mattel in a research note issued on Tuesday. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of ($0.13) for the year, down from their prior forecast of $0.05. DA Davidson has a “Neutral” rating and a $12.00 price target on the stock. DA Davidson also issued estimates for Mattel’s Q4 2017 earnings at $0.24 EPS.

Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 EPS.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 target price (down previously from $34.00) on shares of Mattel in a research note on Wednesday. BidaskClub lowered shares of Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Jefferies Group set a $14.00 target price on shares of Mattel and gave the company a “hold” rating in a research note on Tuesday. UBS reissued a “buy” rating and set a $23.00 price objective on shares of Mattel in a research note on Saturday, September 16th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mattel has an average rating of “Hold” and an average price target of $21.54.

Shares of Mattel (NASDAQ MAT) opened at $15.59 on Thursday. The firm has a market cap of $5,025.33, a PE ratio of 97.47, a PEG ratio of 67.13 and a beta of 1.00. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32. Mattel has a 52 week low of $12.71 and a 52 week high of $31.60.

A number of institutional investors have recently modified their holdings of MAT. Janus Henderson Group PLC raised its holdings in Mattel by 19,570.6% in the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after buying an additional 9,568,634 shares during the last quarter. Parnassus Investments CA raised its holdings in Mattel by 92.5% in the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock worth $248,676,000 after buying an additional 7,719,364 shares during the last quarter. American Century Companies Inc. raised its holdings in Mattel by 91.6% in the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after buying an additional 4,759,608 shares during the last quarter. Eaton Vance Management raised its holdings in Mattel by 581.7% in the second quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock worth $57,758,000 after buying an additional 2,289,165 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Mattel by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after buying an additional 2,253,399 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

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About Mattel

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.

Earnings History and Estimates for Mattel (NASDAQ:MAT)

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