Equities analysts forecast that Mattel, Inc. (NASDAQ:MAT) will report $1.47 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Mattel’s earnings, with the highest sales estimate coming in at $1.65 billion and the lowest estimate coming in at $1.39 billion. Mattel posted sales of $1.61 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 8.7%. The company is scheduled to issue its next earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Mattel will report full-year sales of $4.44 billion for the current year, with estimates ranging from $4.38 billion to $4.48 billion. For the next fiscal year, analysts anticipate that the company will report sales of $4.65 billion, with estimates ranging from $4.19 billion to $5.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Mattel.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 25th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). The business had revenue of $1.44 billion for 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%.

Several research firms have commented on MAT. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Zacks Investment Research reissued a “hold” rating on shares of Mattel in a research report on Tuesday, November 13th. Wells Fargo & Co lowered their target price on shares of Mattel from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday. Consumer Edge began coverage on shares of Mattel in a research report on Monday, August 13th. They set an “equal weight” rating on the stock. Finally, UBS Group set a $15.00 target price on shares of Mattel and gave the stock a “hold” rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.70.

A number of hedge funds have recently added to or reduced their stakes in MAT. Capital International Investors bought a new stake in Mattel during the third quarter valued at about $109,900,000. EdgePoint Investment Group Inc. bought a new stake in Mattel during the second quarter valued at about $58,736,000. Franklin Resources Inc. boosted its holdings in Mattel by 10.8% during the third quarter. Franklin Resources Inc. now owns 30,050,865 shares of the company’s stock valued at $471,861,000 after acquiring an additional 2,936,278 shares during the period. Point72 Asset Management L.P. bought a new stake in Mattel during the third quarter valued at about $33,563,000. Finally, Ariel Investments LLC boosted its holdings in Mattel by 13.3% during the second quarter. Ariel Investments LLC now owns 11,183,832 shares of the company’s stock valued at $183,639,000 after acquiring an additional 1,314,295 shares during the period.

Mattel stock opened at $13.43 on Friday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.21 and a current ratio of 1.70. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of -12.44 and a beta of 1.09. Mattel has a one year low of $12.21 and a one year high of $18.88.

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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