The El Segundo, California-based Mattel, Inc (NASDAQ:MAT) moved up to the record high in over 3 years as price climbs assisted profit and revenue beat analysts’ forecasts in second-quarter.
Mattel, the world’s biggest toymaker, moved up 9.7% to settle at $34.05 in New York for the biggest gain since April 17, 2009. Shares of the corporation have climbed 23% current year.
The maker of Barbie and Hot Wheels brands reported that gross margin, or the percentage of sales left after the cost of goods sold, broadened 3.4% points to 51.3% from previous year.
Mattel reported in a statement that net income moved down 20% to $96.2 million or 28 cents per share from $80.5 million or 23 cents previous year. Bloomberg gathered data shows analysts on average had forecasted 21 cents.
The company reported that total revenue was little changed from previous year at $1.16 billion.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. JAKKS Pacific, Inc (NASDAQ:JAKK) rose +0.63% to settle at $15.91, Hasbro, Inc (NASDAQ:HAS) moved up +2.83% to end at $33.26 while Kid Brands Inc (NYSE:KID) plunged -1.51% to finish on Tuesday at $1.96.
Mattel, Inc (NASDAQ:MAT) last session volume of 13.09 million shares was surprisingly higher than its average volume of 2.23 million shares. The stock after opening at $33.54 hit high price of $34.59 and then closed at $34.05 by scoring +9.70%.
The liquidity measure in recent quarter results of the company was recorded 2.21 as current ratio and on the other side the debt to equity ratio was -0.59 and long-term debt to equity ratio also remained 0.44. The Company had total cash at hand $784.63 million and a book value per share as $7.76 in the most recent quarter.
The stock price volatility was 2.37% for a week and 1.88% for a month as well as price volatility’s Average True Range for 14 days was 0.83 and its beta remained 0.92.
MAT generated revenue of 6.24 billion in the following twelve months and earned -$751.01 million. The Company showed a positive 12.17% in the net profit margin and as well as in its operating margin which remained 16.55%. Company’s annual sales growth for the past five year was 2.09%.
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