Mattel (NASDAQ:MAT) Posts Earnings Results, Misses Expectations By $0.03 EPS

Mattel (NASDAQ:MAT) issued its earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03), FiscalAI reports. Mattel had a return on equity of 18.67% and a net margin of 9.27%. Mattel updated its FY 2026 guidance to 1.270-1.390 EPS.

Mattel Stock Down 0.6%

NASDAQ MAT traded down $0.08 during mid-day trading on Tuesday, reaching $14.80. 5,852,441 shares of the company’s stock traded hands, compared to its average volume of 4,903,220. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. Mattel has a 1-year low of $12.73 and a 1-year high of $22.48. The company has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $15.76. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 1.32 and a beta of 0.72.

Wall Street Analyst Weigh In

Several brokerages have commented on MAT. Wells Fargo & Company dropped their price target on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Roth Capital dropped their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mattel in a report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. bought a new position in Mattel in the fourth quarter worth about $199,000. Kestra Advisory Services LLC bought a new stake in shares of Mattel in the 4th quarter worth approximately $119,000. McMillan Office Inc. acquired a new position in Mattel during the 4th quarter valued at approximately $71,000. PharVision Advisers LLC bought a new position in Mattel during the 3rd quarter worth $177,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Mattel by 94.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,386 shares of the company’s stock worth $124,000 after buying an additional 3,585 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.