SunTrust Banks Weighs in on Mattel, Inc.’s FY2020 Earnings (MAT)

Mattel, Inc. (NASDAQ:MAT) – Analysts at SunTrust Banks boosted their FY2020 earnings per share estimates for shares of Mattel in a research report issued to clients and investors on Thursday, February 7th. SunTrust Banks analyst M. Swartz now expects that the company will earn $0.35 per share for the year, up from their prior estimate of $0.25. SunTrust Banks currently has a “Hold” rating and a $13.00 price objective on the stock.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.44 billion. Mattel had a negative net margin of 11.77% and a negative return on equity of 43.47%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.72) EPS.

MAT has been the subject of a number of other reports. Jefferies Financial Group set a $13.00 price target on shares of Mattel and gave the stock a “hold” rating in a research note on Sunday, October 28th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Wells Fargo & Co reduced their price target on shares of Mattel from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, December 4th. MKM Partners upped their price target on shares of Mattel to $15.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Cfra lowered shares of Mattel to a “sell” rating and set a $13.00 price target for the company. in a research note on Friday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.25.

Shares of NASDAQ:MAT opened at $15.74 on Monday. The company has a market capitalization of $5.26 billion, a PE ratio of -13.81, a P/E/G ratio of 114.22 and a beta of 1.38. Mattel has a twelve month low of $9.09 and a twelve month high of $18.02. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 4.26.

A number of hedge funds have recently added to or reduced their stakes in MAT. Oregon Public Employees Retirement Fund lifted its stake in Mattel by 906.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 373,676 shares of the company’s stock valued at $37,000 after purchasing an additional 336,550 shares during the last quarter. Delta Asset Management LLC TN lifted its stake in Mattel by 19.2% during the fourth quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock valued at $71,000 after purchasing an additional 1,145 shares during the last quarter. Ffcm LLC lifted its stake in Mattel by 149.7% during the fourth quarter. Ffcm LLC now owns 7,802 shares of the company’s stock valued at $78,000 after purchasing an additional 4,678 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in Mattel during the third quarter valued at approximately $83,000. Finally, Caption Management LLC acquired a new stake in Mattel during the fourth quarter valued at approximately $100,000.

Mattel Company Profile

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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