Mattel (MAT) to Release Quarterly Earnings on Tuesday
Mattel (NASDAQ:MAT) will post its quarterly earnings results on Tuesday, January 23rd. Analysts expect Mattel to post earnings of $0.56 per share for the quarter.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a negative return on equity of 137.98% and a negative net margin of 38.65%. Mattel’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. On average, analysts expect Mattel to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Mattel (NASDAQ MAT) opened at $15.29 on Tuesday. The stock has a market cap of $5,260.00, a price-to-earnings ratio of -8.74, a PEG ratio of 4.14 and a beta of 1.01. Mattel has a 1 year low of $12.71 and a 1 year high of $31.60. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.
Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Mattel from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. B. Riley initiated coverage on shares of Mattel in a research note on Thursday, December 21st. They set a “neutral” rating and a $15.00 price target on the stock. Jefferies Group dropped coverage on shares of Mattel in a research note on Monday, December 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $14.00 price target (down from $34.00) on shares of Mattel in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Mattel presently has an average rating of “Hold” and an average price target of $20.25.
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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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