Mattel, Inc. (NASDAQ:MAT) Expected to Announce Quarterly Sales of $932.90 Million

Equities analysts forecast that Mattel, Inc. (NASDAQ:MAT – Get Rating) will report $932.90 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Mattel’s earnings, with estimates ranging from $897.20 million to $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 expected to announce its next quarterly 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 year, with estimates ranging from $5.80 billion to $5.90 billion. For the next financial year, analysts forecast that the firm will post sales of $6.31 billion, with estimates ranging from $6.19 billion to $6.40 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Mattel.

Mattel (NASDAQ:MAT – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.33 by $0.20. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate 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 prior year, the business posted $0.40 earnings per share.

Several analysts have recently commented on MAT shares. MKM Partners raised Mattel from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $30.00 in a research note on Thursday, January 13th. JPMorgan Chase & Co. increased their price target on Mattel from $31.00 to $33.00 in a research report on Thursday, February 10th. DA Davidson increased their price target on Mattel from $38.00 to $45.00 in a research report on Monday, February 14th. Monness Crespi & Hardt increased their price target on Mattel from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 10th. Finally, Stifel Nicolaus raised Mattel from a “hold” rating to a “buy” rating and increased their price target for the company from $27.00 to $33.00 in a research report on Thursday, February 24th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $31.22.

Shares of Mattel stock traded up $1.12 on Friday, hitting $23.29. The company had a trading volume of 114,828 shares, compared to its average volume of 3,273,180. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 8.84 and a beta of 1.44. Mattel has a 1 year low of $17.94 and a 1 year high of $25.71. The stock has a 50 day moving average of $23.47 and a 200-day moving average of $21.94. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.31 and a current ratio of 1.80.

In other news, EVP Zanatta Roberto Jacobo Isaias sold 51,761 shares of the firm’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $24.50, for a total value of $1,268,144.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Todd Bradley sold 9,000 shares of the firm’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $24.54, for a total value of $220,860.00. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Covestor Ltd bought a new stake in Mattel during the fourth quarter valued at $52,000. O Shaughnessy Asset Management LLC boosted its stake in 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 buying an additional 448 shares during the period. Maverick Capital Ltd. boosted its stake in Mattel by 54.8% during the third quarter. Maverick Capital Ltd. now owns 3,654 shares of the company’s stock valued at $68,000 after buying an additional 1,293 shares during the period. Pinebridge Investments L.P. bought a new stake in Mattel during the fourth quarter valued at $93,000. Finally, US Bancorp DE boosted its stake in Mattel by 16.0% during the third quarter. US Bancorp DE now owns 4,378 shares of the company’s stock valued at $81,000 after buying an additional 604 shares during the period. 98.59% of the stock is owned by institutional investors.

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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