Equities Analysts Offer Predictions for Mattel, Inc.’s Q2 2024 Earnings (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for Mattel in a report released on Wednesday, April 24th. DA Davidson analyst L. Weiser expects that the company will earn $0.14 per share for the quarter. DA Davidson currently has a “Buy” rating and a $27.00 price target on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.37 per share. DA Davidson also issued estimates for Mattel’s FY2024 earnings at $1.45 EPS and FY2025 earnings at $1.58 EPS.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.25%. Mattel’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share.

MAT has been the topic of several other research reports. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 price target (down previously from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. TheStreet downgraded shares of Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Roth Capital downgraded shares of Mattel from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. downgraded shares of Mattel from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $24.00 to $19.00 in a research note on Monday, February 5th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.78.

Mattel Trading Down 3.7 %

Shares of MAT opened at $18.47 on Thursday. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64. The company has a market cap of $6.35 billion, a P/E ratio of 22.25, a P/E/G ratio of 1.25 and a beta of 0.95. 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 company’s fifty day simple moving average is $19.30 and its 200-day simple moving average is $19.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Mattel in the 4th quarter worth approximately $71,256,000. Jericho Capital Asset Management L.P. acquired a new stake in Mattel in the 3rd quarter worth approximately $76,819,000. Capital International Investors boosted its stake in Mattel by 7.4% in the 4th quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock worth $347,128,000 after purchasing an additional 1,272,018 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Mattel by 12.9% in the 4th quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock worth $142,382,000 after purchasing an additional 861,638 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Mattel in the 4th quarter worth approximately $15,642,000. Hedge funds and other institutional investors 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.