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.
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.
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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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