Zacks: Analysts Expect Mattel, Inc. (MAT) Will Announce Quarterly Sales of $1.76 Billion

Wall Street brokerages forecast that Mattel, Inc. (NASDAQ:MAT) will post $1.76 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Mattel’s earnings. The lowest sales estimate is $1.66 billion and the highest is $1.92 billion. Mattel posted sales of $1.83 billion during the same quarter last year, which suggests a negative year over year growth rate of 3.8%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that Mattel will report full-year sales of $1.76 billion for the current year, with estimates ranging from $4.98 billion to $5.47 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.12 billion per share, with estimates ranging from $4.82 billion to $5.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Mattel.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion for 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 revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share.

Several equities research analysts have recently commented on the company. ValuEngine downgraded Mattel from a “hold” rating to a “sell” rating in a report on Friday, October 27th. DA Davidson cut their price objective on Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a report on Friday, September 22nd. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price objective (down previously from $34.00) on shares of Mattel in a report on Wednesday, December 13th. Finally, TheStreet downgraded Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.25.

A number of institutional investors have recently made changes to their positions in the business. Sentry Investment Management LLC lifted its holdings in Mattel by 0.3% during the 2nd quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after purchasing an additional 67 shares during the last quarter. Simmons Bank lifted its holdings in Mattel by 0.6% during the 2nd quarter. Simmons Bank now owns 55,546 shares of the company’s stock valued at $1,196,000 after purchasing an additional 339 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Mattel by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after purchasing an additional 410 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its holdings in Mattel by 2.0% during the 2nd quarter. Pettyjohn Wood & White Inc. now owns 42,830 shares of the company’s stock valued at $922,000 after purchasing an additional 825 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Mattel by 4.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 27,623 shares of the company’s stock valued at $595,000 after purchasing an additional 1,227 shares during the last quarter.

Mattel (NASDAQ MAT) traded up $0.91 during midday trading on Friday, hitting $16.14. The stock had a trading volume of 8,951,725 shares, compared to its average volume of 3,286,124. The firm has a market cap of $5,235.00, a P/E ratio of -9.28, a PEG ratio of 4.12 and a beta of 1.01. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. Mattel has a 12 month low of $12.71 and a 12 month high of $31.60.

ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect Mattel, Inc. (MAT) Will Announce Quarterly Sales of $1.76 Billion” was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/20/zacks-analysts-expect-mattel-inc-mat-will-announce-quarterly-sales-of-1-76-billion.html.

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.

Get a free copy of the Zacks research report on Mattel (MAT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply