Mattel (MAT) Set to Announce Earnings on Wednesday

Mattel (NASDAQ:MAT) will be announcing its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, analysts expect Mattel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mattel Price Performance

NASDAQ:MAT opened at $18.42 on Tuesday. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.25 and a beta of 0.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. The business has a 50 day simple moving average of $19.04 and a 200-day simple moving average of $18.30. Mattel has a 1 year low of $15.87 and a 1 year high of $20.48.

Analyst Upgrades and Downgrades

MAT has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday. Jefferies Financial Group boosted their price objective on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. DA Davidson reiterated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Monday, July 22nd. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.