Brokers Set Expectations for Mattel, Inc.’s Q2 2018 Earnings (MAT)

Mattel, Inc. (NASDAQ:MAT) – Research analysts at KeyCorp issued their Q2 2018 EPS estimates for Mattel in a note issued to investors on Sunday. KeyCorp analyst B. Andress anticipates that the company will earn ($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.

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

Several other analysts also recently weighed in on MAT. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup boosted their target price on shares of Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $16.00 target price on shares of Mattel in a research report on Monday, January 29th. Barclays boosted their target price on shares of Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Jefferies Group set a $17.00 target price on shares of Mattel and gave the stock a “hold” rating in a research report on Saturday, December 2nd. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.00.

Mattel (NASDAQ:MAT) traded down $1.05 during trading hours on Wednesday, reaching $15.95. 2,588,961 shares of the company’s stock traded hands, compared to its average volume of 6,549,832. The stock has a market cap of $5,791.84, a P/E ratio of -5.27, a PEG ratio of 14.07 and a beta of 1.01. Mattel has a 12 month low of $12.71 and a 12 month high of $26.30. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92.

Several hedge funds have recently added to or reduced their stakes in MAT. Thrivent Financial For Lutherans boosted its holdings in shares of Mattel by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after acquiring an additional 410 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Mattel by 7.7% during the second quarter. Mutual of America Capital Management LLC now owns 41,629 shares of the company’s stock worth $896,000 after buying an additional 2,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mattel by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,428,373 shares of the company’s stock worth $30,748,000 after buying an additional 82,627 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Mattel by 14.5% during the second quarter. HighTower Advisors LLC now owns 59,462 shares of the company’s stock worth $1,285,000 after buying an additional 7,541 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Mattel by 35.7% during the second quarter. Macquarie Group Ltd. now owns 354,980 shares of the company’s stock worth $7,643,000 after buying an additional 93,400 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Mattel (NASDAQ:MAT)

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