Mattel, Inc. (NASDAQ:MAT) Forecasted to Earn Q2 2024 Earnings of $0.14 Per Share

Mattel, Inc. (NASDAQ:MAT) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Mattel in a note issued to investors on Wednesday, April 24th. DA Davidson analyst L. Weiser forecasts that the company will post earnings of $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.

Several other research firms have also recently commented on MAT. TheStreet cut Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. cut Mattel from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $24.00 to $19.00 in a research note on Monday, February 5th. Jefferies Financial Group boosted their target price on Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Finally, Bank of America boosted their target price on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.78.

Mattel Price Performance

MAT stock opened at $19.18 on Thursday. 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 has a market capitalization of $6.60 billion, a PE ratio of 23.11, a P/E/G ratio of 1.25 and a beta of 0.95. Mattel has a 12-month low of $16.20 and a 12-month high of $22.64. The business’s fifty day moving average price is $19.30 and its 200 day moving average price is $19.08.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. The firm had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAT. Norges Bank acquired a new stake in shares of Mattel in the 4th quarter valued at about $71,256,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Mattel in the 3rd quarter valued at about $76,819,000. Capital International Investors boosted its position in shares of Mattel by 7.4% in the 4th quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock valued at $347,128,000 after purchasing an additional 1,272,018 shares during the period. Victory Capital Management Inc. boosted its position in shares of Mattel by 12.9% in the 4th quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock valued at $142,382,000 after purchasing an additional 861,638 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Mattel in the 4th quarter valued at about $15,642,000. 97.15% of the stock is owned by institutional investors and hedge funds.

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.