Equities analysts expect Mattel, Inc. (NASDAQ:MAT) to post sales of $1.47 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Mattel’s earnings, with estimates ranging from $1.39 billion to $1.65 billion. Mattel posted sales of $1.61 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.7%. The firm is expected to announce its next quarterly earnings report on Thursday, February 7th.
On average, analysts expect that Mattel will report full year sales of $4.44 billion for the current year, with estimates ranging from $4.38 billion to $4.48 billion. For the next financial year, analysts anticipate that the company will report sales of $4.65 billion, with estimates ranging from $4.19 billion to $5.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Mattel.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, October 25th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%.
MAT has been the topic of several research reports. Zacks Investment Research raised Mattel from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Citigroup dropped their price target on Mattel from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Jefferies Financial Group set a $13.00 price target on Mattel and gave the company a “hold” rating in a report on Sunday, October 28th. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a report on Friday, October 5th. Finally, UBS Group set a $15.00 price target on Mattel and gave the company a “hold” rating in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.70.
Several hedge funds and other institutional investors have recently bought and sold shares of MAT. ELM Advisors LLC acquired a new stake in Mattel during the 3rd quarter valued at $131,000. Alps Advisors Inc. acquired a new stake in Mattel during the 2nd quarter valued at $182,000. Korea Investment CORP acquired a new stake in Mattel during the 3rd quarter valued at $212,000. Verition Fund Management LLC acquired a new stake in Mattel during the 2nd quarter valued at $222,000. Finally, Freestone Capital Holdings LLC acquired a new stake in Mattel during the 3rd quarter valued at $235,000.
MAT opened at $13.43 on Friday. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of -12.44 and a beta of 1.09. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.70 and a quick ratio of 1.21. Mattel has a 1-year low of $12.21 and a 1-year high of $18.88.
Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.