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.

A number of research firms have commented on MAT. Stifel Nicolaus decreased their price target on Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, October 12th. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Jefferies Group set a $14.00 price target on Mattel and gave the company a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, UBS Group reissued a “buy” rating and set a $23.00 price target on shares of Mattel in a report on Saturday, September 16th. Thirteen analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel has an average rating of “Hold” and an average price target of $20.25.

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.

COPYRIGHT VIOLATION WARNING: “Analysts Expect Mattel, Inc. (MAT) Will Announce Quarterly Sales of $1.76 Billion” was first published by Marea Informative and is the sole property of of Marea Informative. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://www.mareainformativa.com/analysts-expect-mattel-inc-mat-will-announce-quarterly-sales-of-1-76-billion-2-updated-updated-updated/124496/.

About Mattel

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.

Get a free copy of the Zacks research report on Mattel (MAT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.