Equities Analysts Issue Forecasts for Mattel, Inc.’s FY2017 Earnings (MAT)
Mattel, Inc. (NASDAQ:MAT) – Research analysts at B. Riley issued their FY2017 earnings per share estimates for shares of Mattel in a note issued to investors on Wednesday. B. Riley analyst S. Anderson forecasts that the company will post earnings per share of ($0.11) for the year. B. Riley currently has a “Neutral” rating and a $15.00 target price on the stock. B. Riley also issued estimates for Mattel’s Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at ($0.30) EPS and FY2018 earnings at $0.34 EPS.
Several other research firms have also recently weighed in on MAT. KeyCorp reaffirmed a “sector weight” rating on shares of Mattel in a research report on Thursday, August 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price objective on shares of Mattel in a research report on Tuesday, September 5th. Jefferies Group reaffirmed a “hold” rating and set a $17.00 price objective on shares of Mattel in a research report on Thursday, September 7th. DA Davidson reaffirmed an “underperform” rating and set a $14.00 price objective (down previously from $18.00) on shares of Mattel in a research report on Tuesday, September 12th. Finally, BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. Thirteen investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.25.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company’s revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS.
Several institutional investors have recently added to or reduced their stakes in the company. Highlander Capital Management LLC bought a new stake in Mattel in the second quarter valued at approximately $105,000. Penserra Capital Management LLC boosted its holdings in shares of Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after buying an additional 1,287 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Mattel during the 3rd quarter worth approximately $163,000. Hartland & Co. LLC bought a new position in shares of Mattel during the 3rd quarter worth approximately $165,000. Finally, ETF Managers Group LLC bought a new position in shares of Mattel during the 2nd quarter worth approximately $195,000. 93.66% of the stock is owned by institutional investors.
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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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