Analysts Expect Mattel, Inc. (MAT) Will Announce Quarterly Sales of $1.76 Billion
Wall Street analysts expect Mattel, Inc. (NASDAQ:MAT) to report $1.76 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Mattel’s earnings. The highest sales estimate is $1.92 billion and the lowest is $1.66 billion. Mattel reported sales of $1.83 billion in the same quarter last year, which suggests a negative year over year growth rate of 3.8%. The firm is scheduled to report its next earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that Mattel will report full-year sales of $1.76 billion for the current fiscal year, with estimates ranging from $4.98 billion to $5.47 billion. For the next financial year, analysts anticipate that the business will report sales of $5.12 billion per share, with estimates ranging from $4.82 billion to $5.52 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Mattel.
Mattel (NASDAQ:MAT) last posted its quarterly 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 business had revenue of $1.56 billion for 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%. Mattel’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share.
Mattel (NASDAQ:MAT) traded up $0.35 during trading hours on Wednesday, reaching $16.26. The company’s stock had a trading volume of 4,665,361 shares, compared to its average volume of 5,614,817. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $5,468.74, a PE ratio of -9.34, a PEG ratio of 4.31 and a beta of 1.01. Mattel has a twelve month low of $12.71 and a twelve month high of $31.60.
Several institutional investors have recently modified their holdings of the company. Sentry Investment Management LLC grew its position in shares of Mattel by 0.3% during the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after purchasing an additional 67 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Mattel by 1.3% during the second quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock valued at $341,000 after purchasing an additional 204 shares in the last quarter. Simmons Bank grew its position in shares of Mattel by 0.6% during the second quarter. Simmons Bank now owns 55,546 shares of the company’s stock valued at $1,196,000 after purchasing an additional 339 shares in the last quarter. Thrivent Financial For Lutherans grew its position in shares of Mattel by 3.2% during 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 in the last quarter. Finally, Utah Retirement Systems grew its position in shares of Mattel by 0.8% during the second quarter. Utah Retirement Systems now owns 62,755 shares of the company’s stock valued at $1,351,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.
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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