Mattel, Inc. (NASDAQ:MAT) Given Price Target Of $34.555


As per Mattel, Inc. (NASDAQ:MAT)’s news release on 2016-07-21, its shareholders will get cash dividend of $0.38 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-23 and 2016-09-16, respectively.

The stock will commence trading ex-dividend from 2016-08-19, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Mattel, Inc. (NASDAQ:MAT) disbursed $0.38 in dividend compared to distribution of $0.38, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Mattel, Inc. (NASDAQ:MAT) to attain a price target of $34.555. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $38. The low price range is set at $30 for next year while the arithmetic mean is seen at 2.

Eyeing Earnings Mattel, Inc. (NASDAQ:MAT) is likely to post quarterly numbers around 2016-10-20 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.7 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Mattel, Inc. (NASDAQ:MAT) earnings came at $-0.02 suggesting a deviation of $0.04. The brokerages targeted EPS of $-0.06 for the quarter.

Shares of the Mattel, Inc. (NASDAQ:MAT) traded in the range of $33.86 to $34.16 and closed the last trading session at $34.06 on a volume of ((Volume:238}}.

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