FY2024 EPS Estimates for Mattel, Inc. Increased by Roth Capital (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Investment analysts at Roth Capital boosted their FY2024 EPS estimates for Mattel in a report issued on Wednesday, April 24th. Roth Capital analyst E. Handler now anticipates that the company will earn $1.41 per share for the year, up from their previous estimate of $1.38. 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.

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

Several other research analysts have also recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 target price (down from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Citigroup lifted their price target on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. cut shares of Mattel from an “overweight” rating to a “neutral” rating and cut their target price for the company from $24.00 to $19.00 in a research note on Monday, February 5th. Jefferies Financial Group raised 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, StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.78.

Mattel Stock Performance

Shares of Mattel stock opened at $18.36 on Thursday. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $19.29 and a two-hundred day simple moving average of $19.07. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64. The firm has a market capitalization 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.

Hedge Funds Weigh In On Mattel

Hedge funds have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. bought a new position in shares of Mattel during the 1st quarter worth $406,000. Krilogy Financial LLC grew its position in shares of Mattel by 31.1% in the 1st quarter. Krilogy Financial LLC now owns 55,656 shares of the company’s stock worth $1,103,000 after buying an additional 13,214 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Mattel by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 101,700 shares of the company’s stock worth $2,015,000 after purchasing an additional 2,500 shares during the last quarter. State of Michigan Retirement System grew 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 worth $1,718,000 after buying an additional 2,000 shares during the last quarter. Finally, Thompson Investment Management Inc. increased its holdings in shares of Mattel by 8.8% during the first quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock valued at $293,000 after acquiring an additional 1,200 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

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.