$651.40 Million in Sales Expected for Mattel Inc (MAT) This Quarter

Wall Street brokerages expect Mattel Inc (NASDAQ:MAT) to report $651.40 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Mattel’s earnings. The lowest sales estimate is $622.40 million and the highest is $713.21 million. Mattel posted sales of $708.40 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 8%. The business is expected to report its next earnings results on Thursday, April 25th.

On average, analysts expect that Mattel will report full year sales of $4.49 billion for the current fiscal year, with estimates ranging from $4.36 billion to $4.81 billion. For the next year, analysts anticipate that the firm will post sales of $4.59 billion, with estimates ranging from $4.39 billion to $5.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Mattel.

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

Several equities analysts recently weighed in on MAT shares. ValuEngine upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. BMO Capital Markets reduced their price target on Mattel from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 26th. Zacks Investment Research raised Mattel from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, February 13th. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. Finally, Wells Fargo & Co cut their price objective on Mattel from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, December 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.46.

In other news, CEO Ynon Kreiz bought 71,425 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was bought at an average cost of $14.02 per share, with a total value of $1,001,378.50. Following the transaction, the chief executive officer now directly owns 71,425 shares in the company, valued at approximately $1,001,378.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael J. Eilola sold 10,904 shares of Mattel stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $15.72, for a total value of $171,410.88. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 129,425 shares of company stock valued at $1,807,179. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. CSat Investment Advisory L.P. boosted its stake in shares of Mattel by 112.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 5,198 shares of the company’s stock valued at $52,000 after buying an additional 2,751 shares during the period. Federated Investors Inc. PA purchased a new stake in Mattel in the third quarter valued at approximately $83,000. Delta Asset Management LLC TN lifted its stake in Mattel by 19.2% in the fourth quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock valued at $71,000 after buying an additional 1,145 shares during the last quarter. Ffcm LLC lifted its stake in Mattel by 149.7% in the fourth quarter. Ffcm LLC now owns 7,802 shares of the company’s stock valued at $78,000 after buying an additional 4,678 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Mattel in the fourth quarter valued at approximately $88,000.

Shares of MAT traded down $0.01 during mid-day trading on Friday, hitting $14.45. 117,015 shares of the company traded hands, compared to its average volume of 6,985,502. Mattel has a 1-year low of $9.09 and a 1-year high of $17.98. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 4.26. The company has a market cap of $5.06 billion, a P/E ratio of -12.69 and a beta of 1.48.

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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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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