Hasbro makes takeover offer for Mattel, Wall Street Journal reports

Hasbro makes takeover offer for Mattel, Wall Street Journal reports

The firm is expected to report its next earnings results on Wednesday, January 24th.

A similar rumor that Hasbro and Mattel were holding merger talks appeared in media reports in early 2016, and such speculation repeatedly has surfaced and then faded in the two decades since Hasbro resisted a formal $5.2-billion purchase bid from Mattel. For the next financial year, analysts forecast that the business will report sales of $5.19 billion per share, with estimates ranging from $4.87 billion to $5.52 billion.

A number of equities research analysts have recently weighed in on the stock. 11 analysts on average projected earnings of $0.43 per share for the current quarter. Mattel had a return on equity of 16.55% and a net margin of 6.39%. These Revenue projections are a consensus of 10 Analysts. During the same period in the prior year, the firm earned $0.70 EPS.

Hasbro, which is trying to diversify its revenue stream, also sought to buy U.S. movie studio and entertainment company Lions Gate Entertainment Corp this year, but those talks ended without a deal, Reuters reported in August. Jefferies Group reiterated a "buy" rating and issued a $36.00 price target on shares of Mattel in a report on Thursday, October 13th. UBS AG set a $26.00 price target on shares of Mattel and gave the stock a "buy" rating in a research note on Friday, July 28th. "(MAT) Receives $21.46 Average Price Target from Brokerages" was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another website, it was illegally copied and reposted in violation of global trademark & copyright legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/09/mattel-inc-mat-shares-sold-by-american-century-companies-inc.html. (NASDAQ:MAT) have received an average recommendation of "Buy" from the eighteen research firms that are presently covering the firm. Mattel has a 12 month low of $23.85 and a 12 month high of $34.76.

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The company's Average Revenue Estimate for the current quarter is $1.81 Billion, while Low and High Revenue Estimates are $1.67 Billion and $2.01 Billion respectively. The company has a market capitalization of $4,489.11, a PE ratio of 87.07, a price-to-earnings-growth ratio of 33.58 and a beta of 0.88.

MAT has been the topic of several research reports. Vanguard Group Inc. raised its stake in shares of Mattel by 3.5% in the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company's stock valued at $281,000 after acquiring an additional 410 shares in the last quarter.

Mattel, Inc manufactures and markets a range of toy products around the world. IA ADV now owns 9,764 shares of the company's stock valued at $210,000 after buying an additional 1,003 shares during the period. Xact Kapitalforvaltning AB now owns 39,353 shares of the company's stock valued at $847,000 after purchasing an additional 1,062 shares during the last quarter. Parnassus Investments CA raised its position in shares of Mattel by 92.5% in the third quarter.

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