Zacks: Analysts Anticipate Mattel, Inc. (NASDAQ:MAT) Will Post Quarterly Sales of $682.98 Million

Analysts predict that Mattel, Inc. (NASDAQ:MAT) will report $682.98 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Mattel’s earnings, with the lowest sales estimate coming in at $640.00 million and the highest estimate coming in at $718.10 million. Mattel reported sales of $594.10 million during the same quarter last year, which indicates a positive year over year growth rate of 15%. The firm is expected to announce its next earnings results on Tuesday, May 4th.

On average, analysts expect that Mattel will report full year sales of $4.82 billion for the current fiscal year, with estimates ranging from $4.78 billion to $4.86 billion. For the next year, analysts anticipate that the business will report sales of $5.02 billion, with estimates ranging from $4.97 billion to $5.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Mattel.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Monday, February 8th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.17. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Mattel had a negative net margin of 0.08% and a positive return on equity of 30.41%. Mattel’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS.

MAT has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Mattel from a “strong-buy” rating to a “hold” rating and set a $20.50 price objective for the company. in a report on Wednesday, January 27th. Stifel Nicolaus increased their target price on shares of Mattel from $12.50 to $15.00 and gave the stock a “hold” rating in a research note on Monday, October 26th. Jefferies Financial Group cut shares of Mattel from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research note on Monday, November 9th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Mattel in a research note on Wednesday, December 9th. They issued a “neutral” rating and a $17.50 target price on the stock. Finally, Citigroup increased their target price on shares of Mattel from $17.50 to $20.00 in a research note on Friday, February 12th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.31.

MAT traded up $0.05 on Tuesday, hitting $19.51. The company’s stock had a trading volume of 3,797,129 shares, compared to its average volume of 2,508,287. The company’s 50 day simple moving average is $18.47 and its 200-day simple moving average is $14.77. The firm has a market cap of $6.79 billion, a P/E ratio of -1,898.00 and a beta of 1.43. Mattel has a 12 month low of $6.53 and a 12 month high of $19.83. The company has a quick ratio of 1.17, a current ratio of 1.57 and a debt-to-equity ratio of 7.05.

Several institutional investors have recently bought and sold shares of MAT. Frontier Capital Management Co. LLC raised its position in shares of Mattel by 66.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 13,276,032 shares of the company’s stock valued at $231,667,000 after buying an additional 5,293,985 shares in the last quarter. Victory Capital Management Inc. raised its position in Mattel by 6,918.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,283,498 shares of the company’s stock worth $39,847,000 after purchasing an additional 2,250,961 shares during the period. Massachusetts Financial Services Co. MA raised its position in Mattel by 153.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,955,689 shares of the company’s stock worth $34,582,000 after purchasing an additional 1,787,228 shares during the period. Scopus Asset Management L.P. purchased a new position in Mattel in the 3rd quarter worth $17,550,000. Finally, First Trust Advisors LP raised its position in Mattel by 1,807.0% in the 4th quarter. First Trust Advisors LP now owns 1,108,797 shares of the company’s stock worth $19,349,000 after purchasing an additional 1,050,652 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Mattel Company Profile

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Enchantimals, and Polly Pocket brands; dolls and books under the American Girl brand name; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, Fireman Sam, and Shimmer and Shine brands.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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