Stock Market Watch

Mattel Inc. (MAT) Reports Increase in Quarterly Profit

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Mattel Inc. (NASDAQ: MAT) has reported 23 percent increase in its net income for the fiscal third quarter of the year. Its revenue was up 2 percent at $1.83 billion. The company saw a drop in its revenue for the Fisher-Price division. The division reported 5 percent decrease in the revenue. The consensus estimate stood at 76 cents in earnings per share. The projection for quarterly revenue was pegged at $1.94 billion.

  • Mattel Inc. reported its profit for the quarter at $283.3 million.
  • Mattel Inc. had recorded $229.8 million in profit for the third quarter last year.

Bob Eckert, Chief Executive Officer of the company, said, “Retailers remain guarded with inventory and several are betting on a late holiday season this year. Yes, there will be a Christmas. That said, I suspect it will play out later than we’re accustomed to.” The company also said that it is too early to predict the performance for the holiday season.

The company’s sales had also been affected by unfavorable foreign currency exchange rate. The company also reported slight decrease in its gross margin, but at the very same time, it also recorded decrease in its costs, interest expenses and provisions.

Mattel Inc. is El Segundo, California-based designer, manufacturer and marketer of toys worldwide.

Key Financial Stats

Valuation

  • Price/Earnings(TTM)13.80
  • Price/Cash Flow10.80
  • Price/Sales (TTM)1.53
  • Price/Book3.44

Financial Strength

  • Quick Ratio (MRQ)1.30
  • Current Ratio (MRQ)2.20
  • LT Debt to Equity (MRQ)0.18
  • Total Debt to Capital (MRQ)0.28
  • Return on Equity25.30

Assets

  • Asset Turnover1.30
  • Asset per Employee94615.52
  • Inventory Turnover4.40

Per Share Data

  • Earnings (TTM)1.74
  • Current P/E Ratio2.20
  • Cash Flow2.23
  • Annual Dividend0.75
  • Book Value6.97
  • EBITDA15.30

Profitability

  • Market Cap1.74
  • Gross Margin (TTM)54.00
  • Operating Margin (TTM)15.30
  • Profit Margin (TTM) 11.20

Management Effectiveness

  • Return on Equity (TTM)25.30%
  • Return on Assets (TTM)14.20%
  • Return on Investment (TTM)21.40%



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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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