Mattel (NASDAQ:MAT) Issues Earnings Results

Mattel (NASDAQ:MAT) posted its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $0.29 earnings per share.

Mattel Stock Up 1.6 %

Shares of MAT stock traded up $0.29 on Tuesday, hitting $18.07. The stock had a trading volume of 4,886,448 shares, compared to its average volume of 2,636,569. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.88 and a beta of 0.76. The stock’s 50 day moving average is $18.43 and its 200-day moving average is $18.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel has a 52-week low of $15.87 and a 52-week high of $20.59.

Analyst Upgrades and Downgrades

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