Mattel, Inc. (NASDAQ:MAT) – Investment analysts at KeyCorp issued their Q2 2018 earnings estimates for shares of Mattel in a report released on Sunday. KeyCorp analyst B. Andress expects that the company will post earnings of ($0.21) per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Mattel’s Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.20) EPS and FY2019 earnings at $0.30 EPS.
MAT has been the topic of a number of other research reports. ValuEngine cut shares of Mattel from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price (down previously from $34.00) on shares of Mattel in a research note on Wednesday, December 13th. TheStreet cut shares of Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mattel currently has a consensus rating of “Hold” and an average price target of $19.00.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.93). The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS.
Institutional investors have recently modified their holdings of the business. Highlander Capital Management LLC bought a new stake in Mattel during the second quarter worth about $105,000. Calton & Associates Inc. acquired a new position in shares of Mattel during the fourth quarter worth approximately $112,000. Zeke Capital Advisors LLC acquired a new position in shares of Mattel during the third quarter worth approximately $163,000. Hartland & Co. LLC acquired a new position in shares of Mattel during the third quarter worth approximately $165,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Mattel during the fourth quarter worth approximately $206,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.
Mattel Company Profile
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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