Mattel (NASDAQ:MAT) Releases Earnings Results, Beats Estimates By $0.08 EPS

Mattel (NASDAQ:MAT - Get Free Report) issued its earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08, Zacks reports. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The firm had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. During the same quarter last year, the business posted ($0.05) earnings per share. The company's quarterly revenue was up 2.1% on a year-over-year basis.

Mattel Price Performance

Shares of NASDAQ MAT traded down $0.03 during midday trading on Friday, reaching $17.24. The stock had a trading volume of 3,026,263 shares, compared to its average volume of 3,685,865. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock has a 50-day moving average of $17.51 and a 200-day moving average of $18.65. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. Mattel has a 12-month low of $13.95 and a 12-month high of $22.07.

Wall Street Analysts Forecast Growth

MAT has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday. Morgan Stanley increased their price objective on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday. DA Davidson upgraded Mattel to a "strong-buy" rating in a research note on Monday, April 14th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and raised their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.14.

About Mattel

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.