B. Riley Weighs in on Mattel, Inc.’s Q2 2018 Earnings (MAT)

Mattel, Inc. (NASDAQ:MAT) – B. Riley issued their Q2 2018 earnings per share (EPS) estimates for shares of Mattel in a report issued on Wednesday, according to Zacks Investment Research. B. Riley analyst S. Anderson expects that the company will post earnings per share of ($0.12) for the quarter. B. Riley has a “Neutral” rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Mattel’s Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.37 EPS and FY2019 earnings at $0.80 EPS.

A number of other brokerages have also issued reports on MAT. Jefferies Group set a $14.00 price target on Mattel and gave the company a “hold” rating in a report on Tuesday, December 12th. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Monness Crespi & Hardt boosted their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. ValuEngine raised Mattel from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, DA Davidson raised Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price target on the stock in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.25.

Shares of Mattel (NASDAQ:MAT) opened at $15.29 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $5,320.93, a P/E ratio of -8.79, a P/E/G ratio of 4.19 and a beta of 1.01. Mattel has a twelve month low of $12.71 and a twelve month high of $31.60.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the business posted $0.70 EPS. The company’s revenue was down 13.1% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of MAT. IHT Wealth Management LLC raised its position in shares of Mattel by 5,624.1% during the 2nd quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock worth $302,000 after purchasing an additional 1,631 shares during the last quarter. Highlander Capital Management LLC acquired a new position in shares of Mattel during the 2nd quarter worth about $105,000. Penserra Capital Management LLC raised its position 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 purchasing an additional 1,287 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of Mattel during the 2nd quarter worth about $195,000. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Mattel by 11.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock worth $210,000 after purchasing an additional 1,003 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

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Mattel Company Profile

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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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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