Mattel, Inc. to Post FY2024 Earnings of $1.41 Per Share, Roth Capital Forecasts (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Equities research analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for Mattel in a report issued on Wednesday, April 24th. Roth Capital analyst E. Handler now forecasts that the company will earn $1.41 per share for the year, up from their previous forecast of $1.38. Roth Capital has a “Neutral” rating on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.39 per share.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The firm had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. During the same period in the prior year, the firm earned ($0.24) EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year.

Several other research analysts also recently weighed in on the stock. DA Davidson upped their target price on shares of Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday. Roth Mkm reissued a “neutral” rating and issued a $21.00 price objective on shares of Mattel in a research report on Wednesday. Stifel Nicolaus dropped their target price on Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Citigroup raised their price objective on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

Mattel Stock Performance

Mattel stock opened at $18.36 on Thursday. The firm has a market capitalization of $6.32 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95. Mattel has a one year low of $16.20 and a one year high of $22.64. The stock’s 50 day moving average price is $19.29 and its 200 day moving average price is $19.07. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.90 and a current ratio of 2.49.

Institutional Trading of Mattel

A number of hedge funds have recently bought and sold shares of MAT. Mesirow Financial Investment Management Inc. acquired a new position in shares of Mattel in the first quarter worth $406,000. Krilogy Financial LLC grew its stake in Mattel by 31.1% in the first quarter. Krilogy Financial LLC now owns 55,656 shares of the company’s stock valued at $1,103,000 after purchasing an additional 13,214 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Mattel by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 101,700 shares of the company’s stock valued at $2,015,000 after purchasing an additional 2,500 shares in the last quarter. State of Michigan Retirement System increased its position in Mattel by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock worth $1,718,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Thompson Investment Management Inc. raised its stake in shares of Mattel by 8.8% during the 1st quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock worth $293,000 after purchasing an additional 1,200 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Company Profile

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.