Wall Street brokerages expect Mattel, Inc. (NASDAQ:MAT – Get Rating) to announce $932.90 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Mattel’s earnings, with the lowest sales estimate coming in at $897.20 million and the highest estimate coming in at $960.00 million. Mattel posted sales of $874.20 million during the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The firm is scheduled to announce its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Mattel will report full year sales of $5.84 billion for the current financial year, with estimates ranging from $5.80 billion to $5.90 billion. For the next year, analysts expect that the firm will report sales of $6.31 billion, with estimates ranging from $6.19 billion to $6.40 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Mattel.
Mattel (NASDAQ:MAT – Get Rating) last posted its quarterly earnings results on Wednesday, February 9th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.20. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.66 billion. Mattel had a return on equity of 47.84% and a net margin of 16.81%. During the same period in the previous year, the firm earned $0.40 earnings per share.
In other news, Director Richard Todd Bradley sold 9,000 shares of the stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $24.54, for a total transaction of $220,860.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Zanatta Roberto Jacobo Isaias sold 51,761 shares of the stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $24.50, for a total value of $1,268,144.50. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted its stake in Mattel by 23.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 56,129 shares of the company’s stock valued at $1,042,000 after purchasing an additional 10,559 shares during the period. Hussman Strategic Advisors Inc. lifted its position in shares of Mattel by 151.6% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 78,000 shares of the company’s stock worth $1,448,000 after acquiring an additional 47,000 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Mattel in the 4th quarter worth approximately $4,767,000. Candriam Luxembourg S.C.A. bought a new stake in shares of Mattel in the 3rd quarter worth approximately $9,598,000. Finally, Louisiana State Employees Retirement System lifted its position in shares of Mattel by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 90,100 shares of the company’s stock worth $1,943,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.
NASDAQ:MAT opened at $22.19 on Friday. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 8.63 and a beta of 1.44. Mattel has a 1-year low of $17.94 and a 1-year high of $25.71. The company has a current ratio of 1.80, a quick ratio of 1.31 and a debt-to-equity ratio of 1.64. The business’s fifty day moving average price is $23.47 and its 200 day moving average price is $21.92.
About Mattel (Get Rating)
Mattel, Inc is a global children’s entertainment company that specializes in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates through the following segments: North America, International and American Girl.
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