Mattel (NASDAQ:MAT) Announces Earnings Results
Mattel (NASDAQ:MAT) released its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12, Bloomberg Earnings reports. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Mattel had a negative return on equity of 26.03% and a negative net margin of 4.53%.
Shares of MAT stock traded down $0.45 during midday trading on Friday, reaching $13.95. 15,688,297 shares of the stock were exchanged, compared to its average volume of 4,933,564. Mattel has a 1 year low of $9.06 and a 1 year high of $17.26. The company’s 50 day moving average is $14.15 and its two-hundred day moving average is $12.19. The company has a current ratio of 1.60, a quick ratio of 1.14 and a debt-to-equity ratio of 6.30. The firm has a market cap of $4.95 billion, a PE ratio of -23.25 and a beta of 1.65.
A number of research analysts have commented on the company. TheStreet raised Mattel from a “d+” rating to a “c-” rating in a research report on Monday. Cfra upped their price target on Mattel from $12.00 to $15.00 and gave the company a “hold” rating in a research report on Friday. Stifel Nicolaus upped their price target on Mattel from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. ValuEngine raised Mattel from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, BidaskClub lowered Mattel from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Mattel has a consensus rating of “Hold” and an average target price of $17.15.
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, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.
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