Equities research analysts expect that Mattel, Inc. (NASDAQ:MAT) will announce earnings of $0.21 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Mattel’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.26. Mattel posted earnings per share of $0.52 in the same quarter last year, which would suggest a negative year-over-year growth rate of 59.6%. The business is expected to issue its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that Mattel will report full-year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.24) to ($0.11). For the next year, analysts anticipate that the company will report earnings of $0.40 per share, with EPS estimates ranging from $0.16 to $0.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Mattel.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. Mattel’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share.

A number of research analysts have recently commented on MAT shares. Monness Crespi & Hardt raised their target price on Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. TheStreet cut Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. BMO Capital Markets raised their target price on Mattel from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. BidaskClub cut Mattel from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Finally, Stifel Nicolaus lowered their target price on Mattel from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Mattel has an average rating of “Hold” and an average target price of $20.25.

Shares of Mattel (MAT) opened at $15.16 on Thursday. The firm has a market capitalization of $5,197.19, a P/E ratio of -8.71, a PEG ratio of 4.09 and a beta of 1.01. Mattel has a 1 year low of $12.71 and a 1 year high of $31.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Mattel by 2.0% during the second quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock valued at $739,123,000 after buying an additional 662,676 shares during the last quarter. Parnassus Investments CA raised its stake in Mattel by 92.5% during the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after buying an additional 7,719,364 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Mattel by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after buying an additional 2,253,399 shares during the last quarter. Janus Henderson Group PLC raised its stake in Mattel by 19,570.6% during the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after buying an additional 9,568,634 shares during the last quarter. Finally, Fairpointe Capital LLC raised its stake in Mattel by 24.3% during the second quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock valued at $172,099,000 after buying an additional 1,560,624 shares during the last quarter.

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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.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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