Mattel Inc. (MAT) released its first quarter results on Sunday, April 25, 2021. The company reported net earnings of -$0.33 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 46 percent compared to the same period a year ago.
Mattel, Inc. was founded in 1945 and is headquartered in El Segundo, California. Mattel, Inc., a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments.
Mattel's revenue increased 10 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 52.26% for the first quarter compared to the same period in the previous year, and operating margins increased to 5.02% over the same period. Net earnings for past trailing twelve months were $222.22 million, up 190% from the prior year.
Moving on to the balance sheet, Mattel’s cash levels jumped 23% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 20.46% this past year. The current ratio for Mattel now stands at 1.93. The company increased shares outstanding by 0.4%.
Shares of MAT are currently trading around $21.05. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 33.23 and price to book ratio of 15.5.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Monday, April 26, 2021.