Mattel, Inc. (NASDAQ:MAT) to Post Q2 2024 Earnings of $0.14 Per Share, DA Davidson Forecasts

Mattel, Inc. (NASDAQ:MAT) – Research 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 anticipates 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 target price on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.39 per share. DA Davidson also issued estimates for Mattel’s FY2024 earnings at $1.45 EPS and FY2025 earnings at $1.58 EPS.

Mattel (NASDAQ:MAT) last posted 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. The company had revenue of $809.50 million during 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%. Mattel’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) earnings per share.

Other analysts have also issued research reports about the company. Stifel Nicolaus cut their price target on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Roth Capital lowered Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Citigroup upped their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America upped their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Mattel Stock Down 0.6 %

Mattel stock opened at $18.36 on Thursday. The stock has a market cap of $6.32 billion, a PE ratio of 22.12, a price-to-earnings-growth 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. 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 $19.29 and a 200 day moving average of $19.07.

Hedge Funds Weigh In On Mattel

Hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont lifted its position in shares of Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. Clearstead Advisors LLC bought a new stake in shares of Mattel during the third quarter worth $52,000. Y.D. More Investments Ltd bought a new stake in shares of Mattel during the third quarter worth $53,000. Partnership Wealth Management LLC bought a new stake in shares of Mattel during the fourth quarter worth $61,000. Finally, Fifth Third Bancorp lifted its position in shares of Mattel by 23.3% during the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after purchasing an additional 550 shares during 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.