Mattel Misses Estimates; Raises Dividend (MAT)

Mattel Misses Estimates; Raises Dividend (MAT)


Toy company, Mattel, Inc.(MAT) reported a drop in profits for their fourth quarter, missing analysts estimates on Friday.

The El Segundo, CA based company reported fourth quarter earnings of $306.5 million, or 87 cents per share, down from $370.6 million, or $1.07 per share last year. Excluding special items, EPS came in at $1.12 per share, missing the average analyst estimate of $1.15 per share.

MAT took a hit of $87.1 million in legal fees during the quarter, which involved copyright claims against the company.

There was a 5% upside in revenue for the quarter, coming in at $2.26 billion, from $2.15 billion last year.

Included in the quarterly sales was a 5% increase for the Mattel Girls & Boys Brands, which reported sales of $1.41 billion. The Barbie brand saw a -4% decline in sales, while other Girls Brands surged 55%.

Additionally, the company reported that the board have approved a dividend increase. The dividend will increase from 31 cents to 36 cents per share.

Mattel shares were down 87 cents, or -2.31% during premarket trading Friday. The stock has increased 28% in the past year.
The Bottom Line
Shares of Mattel, Inc.(MAT) will now have a 3.83% yield, based on the higher dividend payout and last night’s closing price of $37.63.

Mattel, Inc.(MAT) is a “Recommended” dividend stock at this time, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today