Mattel, Inc. (NASDAQ:MAT) – Equities research analysts at B. Riley lowered their FY2019 earnings per share estimates for Mattel in a report released on Tuesday. B. Riley analyst S. Anderson now anticipates that the company will earn $0.62 per share for the year, down from their prior estimate of $0.76. B. Riley has a “Neutral” rating and a $15.00 price target on the stock.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.93). The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. Mattel’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share.
Mattel (NASDAQ MAT) traded down $0.08 during trading on Wednesday, reaching $16.47. 5,330,100 shares of the company’s stock were exchanged, compared to its average volume of 6,519,786. The firm has a market cap of $5,688.72, a price-to-earnings ratio of -5.61, a PEG ratio of 13.82 and a beta of 1.01. Mattel has a 12 month low of $12.71 and a 12 month high of $26.12. 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 large investors have recently made changes to their positions in MAT. Calton & Associates Inc. purchased a new stake in shares of Mattel in the 4th quarter valued at approximately $112,000. Zeke Capital Advisors LLC purchased a new stake in shares of Mattel in the 3rd quarter valued at approximately $163,000. Hartland & Co. LLC purchased a new stake in shares of Mattel in the 3rd quarter valued at approximately $165,000. Wolverine Asset Management LLC purchased a new stake in shares of Mattel in the 4th quarter valued at approximately $177,000. Finally, Virtu Financial LLC purchased a new stake in shares of Mattel in the 4th quarter valued at approximately $187,000. 93.86% of the stock is currently owned by institutional investors.
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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