Mattel (MAT) Set to Announce Earnings on Tuesday

Mattel (NASDAQ:MAT) will be releasing its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Mattel to post 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Mattel had a return on equity of 21.25% and a net margin of 3.94%. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the company earned $0.18 earnings per share. Mattel’s revenue for the quarter was up 15.6% on a year-over-year basis. 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 1.8 %

Mattel stock opened at $18.09 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. The business’s fifty day simple moving average is $19.37 and its two-hundred day simple moving average is $19.20. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in Mattel during the 4th quarter worth $287,000. Public Employees Retirement System of Ohio grew its stake in Mattel by 2.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 150,710 shares of the company’s stock worth $2,845,000 after buying an additional 3,875 shares during the last quarter. Systematic Portfolios LLC purchased a new position in Mattel during the 4th quarter worth $192,000. Barclays PLC grew its stake in Mattel by 67.2% during the 4th quarter. Barclays PLC now owns 318,316 shares of the company’s stock worth $6,010,000 after buying an additional 127,938 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Mattel by 2.1% during the 4th quarter. Nuveen Asset Management LLC now owns 1,305,244 shares of the company’s stock worth $24,643,000 after buying an additional 26,522 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Roth Mkm reaffirmed a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Mattel in a report on Thursday, January 4th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Stifel Nicolaus lowered their price target on Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Jefferies Financial Group upped their price target on Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th. Finally, TheStreet downgraded Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Mattel currently has an average rating of “Moderate Buy” and a consensus target price of $22.13.

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.