Needham & Company Maintains a 'Buy' on Mattel Inc. (MAT); Q1 Preview
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Price: $45.87 --0%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade MAT Now!
Needham & Company maintains a 'Buy' on Mattel Inc. (NASDAQ: MAT) price target of $35.00.
Analyst, Sean McGowan, said, "Mattel is set to report 1Q’12 results on Monday, April 16th before the open. We expect the company to report a 3.2% increase in sales, and EPS of $0.06 vs. $0.05 last year. We believe a positive surprise is possible, since we are currently modeling flat-to-slightly down sales of Mattel Brands in the US, and believe sales of brands such as Barbie and Monsters are strong. The shares have been quite strong lately (rising over 18% year to date [vs roughly 7% for the S&P 500], and nearly 39% since last August), and are now close to our target price."
"We expect EPS of $0.06 vs. $0.05, excluding deal costs related to the acquisition of Hit Entertainment. We think such costs approximated $0.06 per share."
For an analyst ratings summary and ratings history on Mattel Inc. click here. For more ratings news on Mattel Inc. click here.
Shares of Mattel Inc. closed at $33.68 yesterday, with a 52 week range of $22.70-$34.62.
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Analyst, Sean McGowan, said, "Mattel is set to report 1Q’12 results on Monday, April 16th before the open. We expect the company to report a 3.2% increase in sales, and EPS of $0.06 vs. $0.05 last year. We believe a positive surprise is possible, since we are currently modeling flat-to-slightly down sales of Mattel Brands in the US, and believe sales of brands such as Barbie and Monsters are strong. The shares have been quite strong lately (rising over 18% year to date [vs roughly 7% for the S&P 500], and nearly 39% since last August), and are now close to our target price."
"We expect EPS of $0.06 vs. $0.05, excluding deal costs related to the acquisition of Hit Entertainment. We think such costs approximated $0.06 per share."
For an analyst ratings summary and ratings history on Mattel Inc. click here. For more ratings news on Mattel Inc. click here.
Shares of Mattel Inc. closed at $33.68 yesterday, with a 52 week range of $22.70-$34.62.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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