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

Mattel, Inc. (NASDAQ:MAT) – Roth Capital dropped their Q2 2024 earnings per share estimates for Mattel in a research report issued to clients and investors on Wednesday, April 24th. Roth Capital analyst E. Handler now anticipates that the company will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.17. Roth Capital 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.

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

A number of other brokerages have also recently issued reports on MAT. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Morgan Stanley restated an “equal weight” rating and set a $19.00 price objective (down previously from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. DA Davidson lifted their price objective on shares of Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday. TheStreet downgraded Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Finally, Citigroup upped their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Mattel Stock Down 3.7 %

MAT stock opened at $18.47 on Friday. Mattel has a fifty-two week low of $16.20 and a fifty-two week high of $22.64. The stock has a fifty day moving average of $19.30 and a 200-day moving average of $19.08. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.26 and a beta of 0.95. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.90 and a current ratio of 2.49.

Institutional Investors Weigh In On Mattel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont grew its position in Mattel by 833.3% in the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after acquiring an additional 1,000 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Mattel in the 3rd quarter worth $52,000. Y.D. More Investments Ltd purchased a new position in shares of Mattel during the third quarter valued at $53,000. Partnership Wealth Management LLC bought a new stake in shares of Mattel in the fourth quarter valued at about $61,000. Finally, Fifth Third Bancorp lifted its stake in Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after acquiring an additional 550 shares during the period. 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.