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

Mattel, Inc. (NASDAQ:MAT) – Equities research analysts at Roth Capital lowered their Q2 2024 earnings per share (EPS) estimates for shares of Mattel in a research note issued to investors on Wednesday, April 24th. Roth Capital analyst E. Handler now expects that the company will earn $0.16 per share for the quarter, down from their previous forecast 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.

MAT has been the topic of several other reports. Bank of America upped their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Mkm restated a “neutral” rating and set a $21.00 price target on shares of Mattel in a report on Wednesday. TheStreet lowered Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Morgan Stanley restated an “equal weight” rating and set a $19.00 price target (down previously from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Finally, Jefferies Financial Group increased 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. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.78.

Mattel Stock Down 0.6 %

Shares of MAT opened at $18.36 on Friday. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth 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 business’s 50 day simple moving average is $19.29 and its 200-day simple moving average is $19.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.90.

Mattel (NASDAQ:MAT) last issued 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 for 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 company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) EPS.

Hedge Funds Weigh In On Mattel

Several hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp grew its position in Mattel by 23.3% in the 3rd quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock valued at $64,000 after acquiring an additional 550 shares during the last quarter. Oak Family Advisors LLC grew its position in shares of Mattel by 0.9% during the 4th quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock worth $1,136,000 after buying an additional 559 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Mattel by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 154,594 shares of the company’s stock worth $3,406,000 after buying an additional 780 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of Mattel by 7.4% during the 4th quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock worth $224,000 after buying an additional 816 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Mattel by 6.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,398 shares of the company’s stock worth $383,000 after buying an additional 989 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

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.