DA Davidson Predicts Mattel’s FY2025 Earnings (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Equities researchers at DA Davidson lowered their FY2025 EPS estimates for Mattel in a report issued on Thursday, October 24th. DA Davidson analyst L. Weiser now forecasts that the company will earn $1.52 per share for the year, down from their prior estimate of $1.58. DA Davidson has a “Buy” rating and a $27.00 price objective on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.44 per share.

A number of other research firms have also issued reports on MAT. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley increased their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday. Jefferies Financial Group increased their price target on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Bank of America increased their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.75.

Mattel Price Performance

NASDAQ MAT opened at $19.00 on Friday. The company has a 50 day simple moving average of $18.97 and a 200-day simple moving average of $18.28. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79. Mattel has a 52-week low of $15.87 and a 52-week high of $20.48.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share.

Hedge Funds Weigh In On Mattel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after purchasing an additional 693 shares during the last quarter. GAMMA Investing LLC grew its holdings in Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares during the last quarter. Private Advisor Group LLC grew its holdings in Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock valued at $387,000 after purchasing an additional 860 shares during the last quarter. CWM LLC grew its holdings in Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.