Wall Street brokerages expect that Mattel, Inc. (NASDAQ:MAT) will report sales of $704.08 million for the current quarter, Zacks reports. Six analysts have made estimates for Mattel’s earnings, with the highest sales estimate coming in at $726.57 million and the lowest estimate coming in at $682.00 million. Mattel reported sales of $735.60 million in the same quarter last year, which would suggest a negative year over year growth rate of 4.3%. The company is expected to report its next earnings results on Thursday, April 19th.
On average, analysts expect that Mattel will report full year sales of $704.08 million for the current year, with estimates ranging from $4.75 billion to $4.93 billion. For the next financial year, analysts forecast that the company will report sales of $5.00 billion per share, with estimates ranging from $4.83 billion to $5.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Mattel.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.93). The firm 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%. The company’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS.
Shares of Mattel (NASDAQ MAT) traded down $0.29 during mid-day trading on Friday, hitting $14.18. The company’s stock had a trading volume of 10,220,000 shares, compared to its average volume of 6,730,000. Mattel has a one year low of $12.71 and a one year high of $25.97. The stock has a market cap of $4,880.00, a P/E ratio of -4.21 and a beta of 0.94. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28.
Several institutional investors have recently bought and sold shares of MAT. Parnassus Investments CA boosted its position in Mattel by 33.2% during the fourth quarter. Parnassus Investments CA now owns 21,391,928 shares of the company’s stock worth $329,008,000 after purchasing an additional 5,327,564 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Mattel by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after purchasing an additional 2,253,399 shares in the last quarter. Franklin Resources Inc. boosted its position in Mattel by 102.2% during the fourth quarter. Franklin Resources Inc. now owns 3,112,937 shares of the company’s stock worth $47,877,000 after purchasing an additional 1,573,028 shares in the last quarter. Sei Investments Co. boosted its position in Mattel by 144.8% during the fourth quarter. Sei Investments Co. now owns 2,142,172 shares of the company’s stock worth $32,946,000 after purchasing an additional 1,266,982 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its position in Mattel by 147.9% during the third quarter. Chartwell Investment Partners LLC now owns 1,480,600 shares of the company’s stock worth $22,919,000 after purchasing an additional 883,305 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.
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.
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