Q3 2018 Earnings Estimate for Mattel, Inc. Issued By SunTrust Banks (MAT)

Mattel, Inc. (NASDAQ:MAT) – Stock analysts at SunTrust Banks lifted their Q3 2018 earnings per share (EPS) estimates for shares of Mattel in a report issued on Monday. SunTrust Banks analyst M. Swartz now forecasts that the company will earn $0.43 per share for the quarter, up from their prior forecast of $0.40. SunTrust Banks has a “Hold” rating and a $17.00 price objective on the stock. SunTrust Banks also issued estimates for Mattel’s Q4 2018 earnings at $0.48 EPS, FY2018 earnings at $0.52 EPS and FY2019 earnings at $0.85 EPS.

Mattel (NASDAQ:MAT) last posted 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). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year.

A number of other analysts have also weighed in on the stock. Monness Crespi & Hardt increased their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. TheStreet lowered shares of Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. BMO Capital Markets raised their target price on shares of Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. BidaskClub lowered shares of Mattel from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $17.00 target price on shares of Mattel in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.54.

Mattel (MAT) traded down $0.75 during trading on Wednesday, reaching $14.62. 9,017,400 shares of the company were exchanged, compared to its average volume of 7,943,958. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. Mattel has a 12 month low of $12.71 and a 12 month high of $31.60. The stock has a market cap of $5,283.12, a price-to-earnings ratio of 102.47, a P/E/G ratio of 39.52 and a beta of 1.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intact Investment Management Inc. boosted its stake in shares of Mattel by 14.0% during the second quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after purchasing an additional 11,400 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Mattel by 3.2% during the second 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 in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Mattel by 43.8% during the second quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock valued at $3,167,000 after purchasing an additional 44,802 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Mattel by 31.1% during the second quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock valued at $6,437,000 after purchasing an additional 70,840 shares in the last quarter. Finally, Olstein Capital Management L.P. boosted its stake in shares of Mattel by 375.4% during the third quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock valued at $8,346,000 after purchasing an additional 425,760 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Q3 2018 Earnings Estimate for Mattel, Inc. Issued By SunTrust Banks (MAT)” was originally reported by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://weekherald.com/2017/12/13/q3-2018-earnings-estimate-for-mattel-inc-issued-by-suntrust-banks-mat.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.

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