Mattel (MAT) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Mattel (MAT) reported quarterly earnings results on Wednesday, Apr-20-2016. The company reported $-0.13 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $-0.08. The company posted revenue of $869.40 million in the period, compared to analysts expectations of $861.43 million. The company’s revenue was down -5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Mattel. JP Morgan Initiated Mattel on Apr 7, 2016 to “Overweight”, Price Target of the shares are set at $38.Mattel was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Company shares were Reiterated by MKM Partners on Apr 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 33 from a previous price target of $26 .

Mattel opened for trading at $34.76 and hit $34.76 on the upside on Monday, eventually ending the session at $33.93, with a gain of 0.53% or 0.18 points. The heightened volatility saw the trading volume jump to 30,91,190 shares. Company has a market cap of $11,536 M.

In a different news, on Feb 9, 2016, Jean Gabriel Zalzman (EVP, Chief Comm Officer -Int’l) sold 7,711 shares at $31.75 per share price. According to the SEC, on Feb 9, 2016, Susan R Lecker (EVP, Chief Brands Off-Toy Box) sold 760 shares at $31.73 per share price. On Feb 8, 2016, Steve Totzke (EVP, Chief Comm Off-N America) sold 4,786 shares at $32.94 per share price, according to the Form-4 filing with the securities and exchange commission.

MATTEL INC. designs manufactures and markets a variety of toy products around the world which are sold to its customers and directly to consumers. The Company operates through three segments: North America which consists of the United States and Canada International and American Girl. The Company’s North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands Fisher-Price Brands and Construction and Arts & Crafts Brands categories. The Company’s International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Company’s American Girl segment is a direct marketer children’s publisher and retailer for its line of historical dolls books and accessories as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.


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