Q2 2024 EPS Estimates for Mattel, Inc. Reduced by Analyst (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Equities research analysts at Roth Capital reduced their Q2 2024 earnings per share estimates for shares of Mattel in a research report issued on Wednesday, April 24th. Roth Capital analyst E. Handler now anticipates that the company will earn $0.16 per share for the quarter, down from their previous estimate of $0.17. Roth Capital currently has a “Neutral” rating on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.39 per share. Roth Capital also issued estimates for Mattel’s Q3 2024 earnings at $0.93 EPS and FY2026 earnings at $1.74 EPS.

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

Several other research analysts have also recently issued reports on MAT. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price objective (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Roth Mkm reissued a “neutral” rating and issued a $21.00 target price on shares of Mattel in a research report on Wednesday. Bank of America upped their target price on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup upped their target price on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus decreased their target price on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Mattel Trading Down 0.6 %

NASDAQ:MAT opened at $18.36 on Friday. The stock has a 50-day simple moving average of $19.29 and a 200-day simple moving average of $19.07. The stock has a market cap of $6.32 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.26 and a beta of 0.95. Mattel has a 1 year low of $16.20 and a 1 year high of $22.64. 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. purchased a new stake in Mattel during the 1st quarter valued at approximately $406,000. Krilogy Financial LLC raised its stake in Mattel by 31.1% during the 1st quarter. Krilogy Financial LLC now owns 55,656 shares of the company’s stock valued at $1,103,000 after acquiring an additional 13,214 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Mattel by 2.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 101,700 shares of the company’s stock valued at $2,015,000 after acquiring an additional 2,500 shares during the last quarter. State of Michigan Retirement System raised its stake in Mattel by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock valued at $1,718,000 after acquiring 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 buying an additional 1,200 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

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.