Mattel (MAT) Set to Announce Quarterly Earnings on Tuesday

Mattel (NASDAQ:MAT) will announce its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Mattel has set its FY24 guidance at $1.35-1.45 EPS and its FY 2024 guidance at 1.350-1.450 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.65 billion. Mattel had a net margin of 3.94% and a return on equity of 21.25%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share. On average, analysts expect Mattel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mattel Trading Down 0.7 %

Mattel stock opened at $18.05 on Friday. The firm has a 50 day simple moving average of $19.31 and a 200-day simple moving average of $19.12. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.33 and a quick ratio of 1.90. The stock has a market capitalization of $6.21 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.95. Mattel has a 12-month low of $16.20 and a 12-month high of $22.64.

Institutional Investors Weigh In On Mattel

Several hedge funds have recently made changes to their positions in MAT. Money Concepts Capital Corp purchased a new stake in shares of Mattel in the 4th quarter valued at approximately $29,000. Belpointe Asset Management LLC lifted its position in Mattel by 193.5% in the 1st quarter. Belpointe Asset Management LLC now owns 1,805 shares of the company’s stock worth $33,000 after buying an additional 1,190 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Mattel in the 1st quarter worth approximately $86,000. KBC Group NV purchased a new stake in Mattel in the 4th quarter worth approximately $129,000. Finally, Captrust Financial Advisors lifted its position in Mattel by 28.8% in the 2nd quarter. Captrust Financial Advisors now owns 5,855 shares of the company’s stock worth $131,000 after buying an additional 1,308 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. DA Davidson increased their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Stifel Nicolaus reduced their target price on shares of Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Jefferies Financial Group raised their target price on shares of Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Finally, TheStreet cut shares of Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.