B. Riley Weighs in on Mattel, Inc.’s Q2 2018 Earnings (MAT)
Mattel, Inc. (NASDAQ:MAT) – Research analysts at B. Riley issued their Q2 2018 earnings estimates for Mattel in a report released on Wednesday. B. Riley analyst S. Anderson forecasts that the company will post earnings per share of ($0.12) for the quarter. B. Riley currently has a “Neutral” rating and a $15.00 price target on the stock. B. Riley also issued estimates for Mattel’s Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.37 EPS and FY2019 earnings at $0.80 EPS.
MAT has been the subject of several other research reports. DA Davidson reissued an “underperform” rating and issued a $14.00 price target (down previously from $18.00) on shares of Mattel in a research note on Tuesday, September 12th. KeyCorp reissued a “sector weight” rating on shares of Mattel in a research note on Thursday, August 31st. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. UBS Group set a $22.00 target price on Mattel and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Jefferies Group set a $17.00 target price on Mattel and gave the stock a “hold” rating in a research report on Saturday, December 2nd. Twelve analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Mattel currently has an average rating of “Hold” and an average price target of $20.25.
Mattel (MAT) opened at $15.84 on Friday. The firm has a market capitalization of $5,490.00, a PE ratio of -9.05 and a beta of 1.00. Mattel has a twelve month low of $12.71 and a twelve month high of $31.60. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. Mattel’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sentry Investment Management LLC raised its stake in Mattel by 0.3% during the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock worth $555,000 after acquiring an additional 67 shares in the last quarter. Private Advisor Group LLC raised its stake in Mattel by 1.3% during the second quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock worth $341,000 after acquiring an additional 204 shares in the last quarter. Simmons Bank raised its stake in Mattel by 0.6% during the second quarter. Simmons Bank now owns 55,546 shares of the company’s stock worth $1,196,000 after acquiring an additional 339 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Mattel by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after acquiring an additional 410 shares in the last quarter. Finally, Utah Retirement Systems raised its stake in Mattel by 0.8% during the second quarter. Utah Retirement Systems now owns 62,755 shares of the company’s stock worth $1,351,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.
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Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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