Mattel, Inc. (MAT) to Post FY2019 Earnings of $0.37 Per Share, B. Riley Forecasts

Mattel, Inc. (NASDAQ:MAT) – Stock analysts at B. Riley reduced their FY2019 earnings estimates for Mattel in a research note issued to investors on Friday, October 26th. B. Riley analyst S. Anderson now expects that the company will earn $0.37 per share for the year, down from their prior estimate of $0.40.

MAT has been the topic of a number of other reports. Zacks Investment Research raised Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Jefferies Financial Group set a $13.00 price target on Mattel and gave the stock a “hold” rating in a research note on Sunday. ValuEngine raised Mattel from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, UBS Group lowered their price target on Mattel from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, August 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Mattel has an average rating of “Hold” and a consensus target price of $15.33.

Shares of NASDAQ:MAT opened at $13.79 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 4.28. The company has a market capitalization of $4.64 billion, a PE ratio of -12.77 and a beta of 1.06. Mattel has a 1 year low of $12.21 and a 1 year high of $19.21.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%.

A number of institutional investors have recently made changes to their positions in MAT. Dimensional Fund Advisors LP lifted its position in Mattel by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,612,258 shares of the company’s stock worth $21,200,000 after buying an additional 115,267 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Mattel by 48.1% during the first quarter. Russell Investments Group Ltd. now owns 69,875 shares of the company’s stock worth $918,000 after buying an additional 22,693 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Mattel by 15.4% during the first quarter. Allianz Asset Management GmbH now owns 26,898 shares of the company’s stock worth $354,000 after buying an additional 3,596 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in Mattel by 13,860.4% during the first quarter. Cubist Systematic Strategies LLC now owns 14,100 shares of the company’s stock worth $185,000 after buying an additional 13,999 shares in the last quarter. Finally, DnB Asset Management AS lifted its position in Mattel by 14.9% during the second quarter. DnB Asset Management AS now owns 37,718 shares of the company’s stock worth $619,000 after buying an additional 4,900 shares in the last quarter.

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.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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