Shares of Mattel (MAT) were down on Friday morning after the company reported lower earnings that missed analyst expectations.
MAT's Earnings in Brief
- The company reported earnings of 52 cents per share, missing analysts’ view of 93 cents per share.
- Revenue was $1.99 billion, missing analysts’ estimates of $2.16 billion.
CEO Commentary
MAT’s Chairman and Interim CEO Christopher Sinclair commented: “We are disappointed with our results but moving forward with a heightened sense of urgency to make the necessary changes to enhance our brand relevance and improve our execution.”
MAT's Dividend
The company declared a 38 cent dividend. The dividend will be paid on March 6 to shareholders of record on February 19.
Stock Performance
Shares of MAT were down 85 cents, or 3.16%, during pre-market trading Friday.
The Bottom Line
Mattel (MAT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 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.
