13.48 0.00 (0.00%)
Pre-Market: 7:31AM EDT
|Bid||13.41 x 200|
|Ask||13.76 x 800|
|Day's Range||13.41 - 14.04|
|52 Week Range||12.21 - 23.12|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.08|
Mattel Inc., home of Barbie and Thomas the Tank Engine, has struggled for years trying to manage its way out of its problems.
While HLT & STAY in the hotel space are poised for growth, MAT is likely to contradict the consumer discretionary sector's positive trend.
Mattel (MAT), which is an American multinational toy manufacturing company, was the S&P 500’s second-best performer on April 23. After declining for four consecutive trading days, Mattel opened lower on Monday, regained strength, and moved higher as the day progressed. The market sentiment on Mattel was weak amid the release of Hasbro’s (HAS) disappointing earnings report.
The S&P 500’s top gainers on April 23 were: Henry Schein (HSIC) gained 6.8%. Mattel (MAT) gained 6.3%. Hanesbrands (HBI) gained 5.9%. Alaska Air Group (ALK) gained 5.7%. Fluor (FLR) gained 5%. Henry Schein
In general, the traditional toy industry has struggled to keep up with changes in consumer technology. As a result, demand for traditional toys isn’t what it used to be. Children aren’t entirely shifting away from traditional toys, but there has been a boom in internet and smart device usage among children which does inevitably erode toy demand.
In addition to anticipated problems stemming from the Toys ‘R’ Us liquidation, Hasbro Inc. said “inventory overhang” in Europe drove down revenue in the company’s first-quarter results. Hasbro (HAS) reported revenue of $716.3 million, down from $849.7 million last year and below the $816.0 million FactSet consensus. The company was prepared for a hit from Toys ‘R’ Us, and other issues piled on, contributing to the decline.
Despite a poor quarterly result from competitor Hasbro, shares of Mattel are moving higher after management believes the worst will be over during the first half of 2018.
Hasbro, Inc. (NASDAQ: HAS) is down over 7% in early trading following the release of its Q1 2018 earnings results. Here’s a quick breakdown of some of the most notable statistics from its three-month period ended April 1, 2018, compared with its three-month period ended April 2, 2017:Metric Q1 2018Q1 2017ChangeRevenue$716.34 million$849.66 million(15.7)%Adjusted net earnings$12.37 million$68.60 million(82.0)%Adjusted earnings per share (EPS)$0.10$0.54(81.5)%Net cash provided by operating activities$317.74 million$411.93 million(22.9)%
NEW YORK, NY / ACCESSWIRE / April 23, 2018 / Shares of Mattel sank last week on news that the company's CEO is leaving the company for Ancestry. The company's CEO Margo Georgiadis' departure is effective ...
If there is anything to glean from all the pay ratio disclosures, it’s that there needs to be more consistency in how they are calculated and reported before they can be useful to investors. When the Securities and Exchange Commission adopted the pay ratio rule nearly three years ago, in which companies were required to report how the annual total compensation of the chief executive officer compares with the median of the annual total compensation of their employees, the idea was to provide more insight into income inequality. One problem that arises is that companies only count what each employee is paid during the year, while CEO compensation could include estimates of market value of unvested stock options and other benefits, such as security measures for a CEO’s residence.
A Mexican judge has blocked a company associated with U.S. toymaker Mattel Inc from commercializing the image of artist Frida Kahlo, her family says, as it seeks to halt sales of a Barbie doll styled after the influential artist. Mattel (MAT.O), which manufactures Hot Wheels toys and Barbies, launched an "inspiring women" series of dolls featuring the late painter in March. The company said at the time that it had reached an agreement to manufacture the doll with the Frida Kahlo Corporation, which says on its website that it owns the trademark rights to the artist's image worldwide.
A Mexican judge has blocked a company associated with U.S. toymaker Mattel Inc from commercializing the image of artist Frida Kahlo, her family says, as it seeks to halt sales of a Barbie doll styled after the influential artist. Mattel, which manufactures Hot Wheels toys and Barbies, launched an "inspiring women" series of dolls featuring the late painter in March. The company said at the time that it had reached an agreement to manufacture the doll with the Frida Kahlo Corporation, which says on its website that it owns the trademark rights to the artist's image worldwide.
MEXICO CITY (AP) — Distant relatives of the late Mexican artist Frida Kahlo said Friday they have won a temporary injunction that stops sales of a Frida Barbie doll.
Mattel Inc (NASDAQ: MAT ) announced Thursday that Margo Georgiadis was stepping down as CEO and would be replaced by Ynon Kreiz. The pressure on Mattel and other toy manufacturers has increased since ...
The new Mattel CEO will be taking over the role from current CEO Margo Georgiadis, who is leaving to pursue a job in the tech sector. This will have Kreiz taking up the mantle of CEO at MAT on April 26, 2018. “I would like to thank Margo for her exceptional contribution to reset the company for the future and I am grateful for the time we spent together at Mattel,” Kreiz said in a statement.
Mattel Inc. seems to change CEOs about as quickly as kids cycle through favorite toys. Margo Georgiadis, the toy giant's top executive for about 14 months, has been in the early innings of a sweeping transformation plan. Georgiadis is leaving Mattel, the company announced Thursday, to become the CEO of the company behind Ancestry.com.
Mattel Inc. (NASDAQ: MAT) is down more than 5% as of 11:20 A.M. EST following an announcement yesterday afternoon that the company’s CEO, Margo Georgiadis, will be leaving the company to take the CEO role at Ancestry, the leading family history and consumer genomics company.
Gerald Storch, Storch former Toys R Us CEO, weighs in on the toy sector as Hasbro and Mattel report quarterly earnings.
The "Squawk on the Street" crew talks about Hasbro's earnings as shares fall sharply after quarterly operating earnings missed Street expectations.
CNBC's Courtney Reagan reports on Hasbro's quarterly miss as the toy business remains in flux while Toys R Us winds down and Mattel announces its third chief executive in two years.