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

Mattel, Inc. (NASDAQ:MAT) – Analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Mattel in a note issued to investors on Wednesday, April 24th. DA Davidson analyst L. Weiser expects that the company will earn $0.14 per share for the quarter. DA Davidson has a “Buy” rating and a $27.00 price objective 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.

A number of other brokerages also recently commented on MAT. Bank of America increased their price objective on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup increased their price objective on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley reiterated 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. Jefferies Financial Group increased their target price on Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th. Finally, Stifel Nicolaus decreased their target price on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Mattel presently has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $19.18 on Thursday. Mattel has a one year low of $16.20 and a one year 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 $6.60 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33.

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

Hedge Funds Weigh In On Mattel

Institutional investors have recently bought and sold shares of the stock. Krilogy Financial LLC increased its stake in shares of Mattel by 31.1% in the first quarter. Krilogy Financial LLC now owns 55,656 shares of the company’s stock worth $1,103,000 after purchasing an additional 13,214 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of 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 period. State of Michigan Retirement System increased its stake in shares of Mattel by 2.4% in the first quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock worth $1,718,000 after purchasing an additional 2,000 shares during the period. Thompson Investment Management Inc. increased its stake in shares of Mattel by 8.8% in the first quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock worth $293,000 after purchasing an additional 1,200 shares during the period. Finally, Kapitalo Investimentos Ltda increased its stake in shares of Mattel by 89.8% in the fourth quarter. Kapitalo Investimentos Ltda now owns 15,190 shares of the company’s stock worth $287,000 after purchasing an additional 7,186 shares during the period. 97.15% of the stock is currently owned by institutional investors.

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.