Mattel (MAT) Set to Announce Earnings on Wednesday

Mattel (NASDAQ:MAT) is set to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.92 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 participating in the company’s conference call can do so using this link.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $0.10 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts expect Mattel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mattel Price Performance

NASDAQ MAT opened at $19.06 on Monday. The company has a market cap of $6.56 billion, a PE ratio of 22.96, a P/E/G ratio of 1.25 and a beta of 0.79. The firm’s 50 day moving average price is $19.04 and its 200-day moving average price is $18.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. Mattel has a 52-week low of $15.87 and a 52-week high of $21.14.

Analyst Ratings Changes

MAT has been the topic of several recent research reports. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. DA Davidson reiterated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Monday, July 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

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.