Brokerages Expect Mattel, Inc. (NASDAQ:MAT) Will Post Quarterly Sales of $1.11 Billion

Equities analysts expect that Mattel, Inc. (NASDAQ:MAT – Get Rating) will report $1.11 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Mattel’s earnings, with estimates ranging from $1.09 billion to $1.13 billion. Mattel reported sales of $1.03 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Mattel will report full year sales of $5.90 billion for the current year, with estimates ranging from $5.84 billion to $5.98 billion. For the next fiscal year, analysts expect that the company will post sales of $6.37 billion, with estimates ranging from $6.23 billion to $6.45 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Mattel.

Mattel (NASDAQ:MAT – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.12. Mattel had a return on equity of 42.01% and a net margin of 18.75%. During the same quarter in the previous year, the firm earned ($0.10) EPS.

MAT has been the topic of a number of analyst reports. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Stifel Nicolaus upgraded Mattel from a “hold” rating to a “buy” rating and upped their price target for the company from $27.00 to $33.00 in a research report on Thursday, February 24th. Monness Crespi & Hardt boosted their price objective on Mattel from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, February 10th. Zacks Investment Research raised Mattel from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research note on Friday, February 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Mattel from $31.00 to $33.00 in a research note on Thursday, February 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Mattel has a consensus rating of “Buy” and a consensus target price of $32.29.

Shares of NASDAQ:MAT opened at $24.72 on Friday. The business’s fifty day moving average price is $23.66 and its two-hundred day moving average price is $22.78. Mattel has a fifty-two week low of $17.94 and a fifty-two week high of $26.99. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 8.35 and a beta of 1.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.71 and a quick ratio of 1.08.

Several institutional investors and hedge funds have recently modified their holdings of MAT. O Shaughnessy Asset Management LLC lifted its stake in shares of Mattel by 22.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,459 shares of the company’s stock valued at $46,000 after acquiring an additional 448 shares during the period. Hardy Reed LLC acquired a new position in shares of Mattel during the first quarter valued at $46,000. Covestor Ltd bought a new stake in Mattel in the fourth quarter valued at about $52,000. Prospera Financial Services Inc bought a new stake in Mattel in the first quarter valued at about $58,000. Finally, Maverick Capital Ltd. increased its holdings in Mattel by 54.8% in the third quarter. Maverick Capital Ltd. now owns 3,654 shares of the company’s stock valued at $68,000 after purchasing an additional 1,293 shares during the last quarter. 97.94% of the stock is currently owned by institutional investors and hedge funds.

Mattel Company Profile (Get Rating)

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, Monster High, American Girl, Polly Pocket, Spirit, and Enchantimals brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, and Fireman Sam brands.

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