Q3 2022 Earnings Forecast for Mattel, Inc. Issued By KeyCorp (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MATGet Rating) – KeyCorp reduced their Q3 2022 earnings estimates for shares of Mattel in a research report issued to clients and investors on Sunday, May 1st. KeyCorp analyst B. Andress now forecasts that the company will post earnings per share of $0.77 for the quarter, down from their previous forecast of $0.83. KeyCorp also issued estimates for Mattel’s Q2 2023 earnings at $0.19 EPS, Q3 2023 earnings at $0.90 EPS, Q4 2023 earnings at $0.72 EPS and FY2023 earnings at $1.90 EPS.

Mattel (NASDAQ:MATGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.12. Mattel had a net margin of 18.75% and a return on equity of 42.01%. During the same quarter last year, the company posted ($0.10) EPS.

A number of other brokerages have also recently commented on MAT. MKM Partners raised Mattel from a “neutral” rating to a “buy” rating and upped their price target for the company from $24.00 to $30.00 in a research note on Thursday, January 13th. DA Davidson raised their target price on shares of Mattel from $38.00 to $45.00 in a research note on Monday, February 14th. Monness Crespi & Hardt raised their price objective on shares of Mattel from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 10th. Stifel Nicolaus raised shares of Mattel from a “hold” rating to a “buy” rating and raised their target price for the stock from $27.00 to $33.00 in a report on Thursday, February 24th. Finally, Zacks Investment Research raised shares of Mattel from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a research note on Friday, February 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mattel presently has a consensus rating of “Buy” and a consensus target price of $32.29.

MAT opened at $24.71 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $23.28 and a two-hundred day moving average price of $22.29. Mattel has a 1-year low of $17.94 and a 1-year high of $25.71. The stock has a market capitalization of $8.71 billion, a PE ratio of 8.35 and a beta of 1.26.

In other news, Director Richard Todd Bradley sold 9,000 shares of the stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $24.54, for a total value of $220,860.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Zanatta Roberto Jacobo Isaias sold 51,761 shares of the company’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $24.50, for a total transaction of $1,268,144.50. The disclosure for this sale can be found here. Insiders own 1.84% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its position in shares of Mattel by 23.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 56,129 shares of the company’s stock valued at $1,042,000 after buying an additional 10,559 shares during the period. Northern Trust Corp lifted its holdings in shares of Mattel by 0.4% in the 4th quarter. Northern Trust Corp now owns 3,047,857 shares of the company’s stock valued at $65,711,000 after purchasing an additional 12,052 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Mattel during the 4th quarter worth $4,767,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of Mattel during the third quarter worth approximately $9,598,000. Finally, Louisiana State Employees Retirement System raised its stake in shares of Mattel by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 90,100 shares of the company’s stock worth $1,943,000 after buying an additional 1,100 shares in the last quarter. 97.94% of the stock is currently owned by institutional investors.

About Mattel (Get Rating)

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. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Polly Pocket, Spirit, and Enchantimals brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, and Fireman Sam brands.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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