Mattel, Inc. (NASDAQ:MAT) – Equities research analysts at SunTrust Banks lifted their Q3 2019 earnings estimates for Mattel in a research note issued on Thursday, November 15th. SunTrust Banks analyst M. Swartz now expects that the company will earn $0.42 per share for the quarter, up from their previous estimate of $0.37.

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

MAT has been the topic of several other reports. Zacks Investment Research upgraded Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Citigroup reduced their price target on Mattel from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Jefferies Financial Group set a $13.00 price objective on Mattel and gave the stock a “hold” rating in a report on Sunday, October 28th. ValuEngine upgraded Mattel from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a report on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Mattel currently has an average rating of “Hold” and an average target price of $14.56.

MAT opened at $12.88 on Monday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.21 and a current ratio of 1.70. Mattel has a 1 year low of $12.21 and a 1 year high of $19.00. The company has a market cap of $4.74 billion, a P/E ratio of -11.93 and a beta of 1.10.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAT. Morgan Stanley lifted its stake in shares of Mattel by 2.3% in the 3rd quarter. Morgan Stanley now owns 829,602 shares of the company’s stock valued at $13,026,000 after purchasing an additional 18,933 shares during the period. Legal & General Group Plc lifted its stake in shares of Mattel by 0.3% in the 3rd quarter. Legal & General Group Plc now owns 1,788,797 shares of the company’s stock valued at $28,085,000 after purchasing an additional 4,699 shares during the period. Standard Life Aberdeen plc lifted its stake in shares of Mattel by 3.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 244,522 shares of the company’s stock valued at $3,840,000 after purchasing an additional 8,146 shares during the period. Teachers Advisors LLC lifted its stake in shares of Mattel by 13.5% in the 3rd quarter. Teachers Advisors LLC now owns 2,014,302 shares of the company’s stock valued at $31,625,000 after purchasing an additional 238,866 shares during the period. Finally, Kentucky Retirement Systems purchased a new position in shares of Mattel in the 3rd quarter valued at approximately $1,329,000.

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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