The Mattel, Inc. (MAT) Plans $0.38 Quarterly Dividend

The Mattel, Inc. (MAT) Plans $0.38 Quarterly Dividend

Shares of Mattel (NASDAQ MAT) traded down 0.97% on Friday, reaching $22.56. The company’s stock had a trading volume of 4,409,787 shares. Mattel has a 1-year low of $21.55 and a 1-year high of $34.24. The stock has a market capitalization of $7.73 billion, a P/E ratio of 28.31 and a beta of 0.90. The company has a 50 day moving average of $22.62 and a 200 day moving average of $26.37.

Mattel, Inc. (NASDAQ:MAT) declared a quarterly dividend on Thursday, April 20th. Shareholders of record on Friday, May 19th will be paid a dividend of 0.38 per share on Friday, June 9th. This represents a $1.52 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date is Wednesday, May 17th.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.15. Mattel had a return on equity of 15.52% and a net margin of 5.83%. The business had revenue of $735.60 million for the quarter, compared to analyst estimates of $797.60 million. During the same period in the prior year, the firm posted ($0.14) EPS. Mattel’s revenue for the quarter was down 15.4% on a year-over-year basis. Equities research analysts expect that Mattel will post $1.19 earnings per share for the current fiscal year.

Several research firms recently weighed in on MAT. B. Riley reissued a “buy” rating and set a $35.00 price objective on shares of Mattel in a research report on Tuesday, February 21st. Goldman Sachs Group Inc initiated coverage on Mattel in a research note on Monday, February 13th. They set a “neutral” rating and a $27.00 price target on the stock. DA Davidson restated a “buy” rating and set a $30.00 price target on shares of Mattel in a research note on Tuesday, May 23rd. MKM Partners restated a “neutral” rating and set a $24.00 price target (down from $27.00) on shares of Mattel in a research note on Tuesday, April 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $26.00 price target on shares of Mattel in a research note on Sunday, April 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $30.82. About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MAT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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