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

Mattel (NASDAQ:MAT) released 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 last year, the firm earned $0.29 earnings per share.

Mattel Stock Performance

MAT traded up $0.29 on Tuesday, hitting $18.07. 4,873,917 shares of the stock traded hands, compared to its average volume of 2,636,569. The business has a fifty day moving average price of $18.43 and a two-hundred day moving average price of $18.79. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. Mattel has a 52 week low of $15.87 and a 52 week high of $20.59. The firm has a market capitalization of $6.09 billion, a PE ratio of 11.29, a P/E/G ratio of 0.88 and a beta of 0.76.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MAT. Bank of America upped their price objective 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. JPMorgan Chase & Co. raised their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Morgan Stanley increased their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Friday. Finally, DA Davidson reaffirmed a “buy” rating and set a $27.00 price target on shares of Mattel in a research note 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.86.

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.