Mattel, Inc. (NASDAQ:MAT) – Jefferies Group cut their FY2017 earnings estimates for shares of Mattel in a research report issued on Monday. Jefferies Group analyst S. Wissink now expects that the company will post earnings per share of ($0.10) for the year, down from their previous forecast of $0.01. Jefferies Group currently has a “Hold” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Mattel’s Q1 2019 earnings at ($0.21) EPS.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share.

MAT has been the topic of several other reports. DA Davidson restated an “underperform” rating and issued a $14.00 price objective (down from $18.00) on shares of Mattel in a research report on Tuesday, September 12th. KeyCorp restated a “sector weight” rating on shares of Mattel in a research report on Thursday, August 31st. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. UBS set a $22.00 price objective on Mattel and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, TheStreet lowered Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $21.54.

Shares of Mattel (NASDAQ MAT) opened at $15.59 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. Mattel has a 12-month low of $12.71 and a 12-month high of $31.60. The stock has a market capitalization of $5,283.12, a price-to-earnings ratio of 102.47, a PEG ratio of 39.52 and a beta of 1.00.

Several hedge funds have recently bought and sold shares of MAT. Intact Investment Management Inc. boosted its holdings in Mattel by 14.0% in the second quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after purchasing an additional 11,400 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in Mattel by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after purchasing an additional 410 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in Mattel by 43.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock valued at $3,167,000 after purchasing an additional 44,802 shares during the last quarter. State of Wisconsin Investment Board boosted its holdings in Mattel by 31.1% in the second quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock valued at $6,437,000 after purchasing an additional 70,840 shares during the last quarter. Finally, Olstein Capital Management L.P. boosted its holdings in Mattel by 375.4% in the third quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock valued at $8,346,000 after purchasing an additional 425,760 shares during the last quarter. Institutional investors and hedge funds own 93.86% 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.

Earnings History and Estimates for Mattel (NASDAQ:MAT)

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