Q3 2018 EPS Estimates for Mattel Reduced by Analyst (MAT)

Mattel (NASDAQ:MAT) – Analysts at B. Riley dropped their Q3 2018 earnings per share (EPS) estimates for shares of Mattel in a research note issued to investors on Thursday, April 19th. B. Riley analyst S. Anderson now expects that the company will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.40. B. Riley has a “Neutral” rating and a $15.00 price target on the stock. B. Riley also issued estimates for Mattel’s FY2019 earnings at $0.50 EPS.

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Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.93). Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. UBS set a $18.00 price target on shares of Mattel and gave the company a “buy” rating in a report on Wednesday, February 21st. Citigroup raised their price target on shares of Mattel from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Barclays raised their price target on shares of Mattel from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, February 5th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.58.

Shares of MAT stock opened at $13.45 on Friday. Mattel has a one year low of $12.71 and a one year high of $25.42. The stock has a market cap of $4,777.85, a P/E ratio of -12.45 and a beta of 1.01. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairpointe Capital LLC boosted its holdings in shares of Mattel by 1.3% in the fourth quarter. Fairpointe Capital LLC now owns 10,178,283 shares of the company’s stock worth $156,542,000 after buying an additional 129,516 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Mattel by 13.8% in the fourth quarter. California Public Employees Retirement System now owns 1,131,951 shares of the company’s stock worth $17,409,000 after buying an additional 136,876 shares during the last quarter. Meitav Dash Investments Ltd. purchased a new position in shares of Mattel in the fourth quarter worth approximately $1,127,000. MetLife Investment Advisors LLC purchased a new position in shares of Mattel in the fourth quarter worth approximately $1,636,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Mattel in the fourth quarter worth approximately $206,000.

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About Mattel

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.

Earnings History and Estimates for Mattel (NASDAQ:MAT)

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