B. Riley Analysts Lower Earnings Estimates for Mattel, Inc. (MAT)

Mattel, Inc. (NASDAQ:MAT) – B. Riley dropped their Q3 2018 earnings estimates for Mattel in a research note issued to investors on Wednesday, October 17th. B. Riley analyst S. Anderson now anticipates that the company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.32. B. Riley also issued estimates for Mattel’s FY2018 earnings at ($0.86) EPS.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, July 25th. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.24). The business had revenue of $840.70 million for the quarter, compared to the consensus estimate of $862.48 million. Mattel had a negative net margin of 30.43% and a negative return on equity of 56.60%. Mattel’s revenue was down 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) earnings per share.

A number of other research firms have also recently commented on MAT. Stifel Nicolaus raised their price target on Mattel from $15.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, July 10th. Consumer Edge initiated coverage on Mattel in a report on Monday, August 13th. They set an “equal weight” rating on the stock. MKM Partners decreased their price target on Mattel to $13.00 and set a “neutral” rating on the stock in a report on Thursday, July 26th. DA Davidson raised Mattel from an “underperform” rating to a “neutral” rating and raised their price target for the company from $12.00 to $14.00 in a report on Friday, July 27th. Finally, BidaskClub raised Mattel from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Mattel currently has a consensus rating of “Hold” and a consensus price target of $15.89.

NASDAQ:MAT opened at $14.22 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.22 and a debt-to-equity ratio of 4.29. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of -13.18 and a beta of 1.06. Mattel has a 52 week low of $12.21 and a 52 week high of $19.21.

Several hedge funds have recently modified their holdings of MAT. EdgePoint Investment Group Inc. bought a new stake in shares of Mattel in the second quarter worth about $58,736,000. Ariel Investments LLC increased its holdings in shares of Mattel by 13.3% in the second quarter. Ariel Investments LLC now owns 11,183,832 shares of the company’s stock worth $183,639,000 after purchasing an additional 1,314,295 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Mattel by 12.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,112,939 shares of the company’s stock worth $34,695,000 after purchasing an additional 226,022 shares during the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of Mattel in the second quarter worth about $2,215,000. Finally, Bank of America Corp DE increased its holdings in shares of Mattel by 9.2% in the second quarter. Bank of America Corp DE now owns 1,402,541 shares of the company’s stock worth $23,029,000 after purchasing an additional 118,268 shares during the last quarter.

Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

Further Reading: How to calculate the intrinsic value of a stock

Earnings History and Estimates for Mattel (NASDAQ:MAT)

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