Mattel (NASDAQ:MAT) Releases Earnings Results, Beats Expectations By $0.15 EPS

Mattel (NASDAQ:MAT) issued its earnings results on Tuesday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15, RTT News reports. Mattel had a net margin of 10.24% and a return on equity of 25.39%. During the same quarter in the previous year, the business posted $0.29 earnings per share.

Mattel Stock Up 1.6 %

Shares of MAT stock traded up $0.29 during trading on Tuesday, reaching $18.07. The company’s stock had a trading volume of 4,873,917 shares, compared to its average volume of 2,636,569. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. Mattel has a one year low of $15.87 and a one year high of $20.59. The business has a fifty day moving average price of $18.43 and a 200-day moving average price of $18.79. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MAT shares. JPMorgan Chase & Co. upped their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. DA Davidson reissued a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Bank of America upped their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley raised their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.86.

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.