Mattel (NASDAQ:MAT) Issues Earnings Results, Misses Estimates By $0.16 EPS

Mattel (NASDAQ:MAT) announced its quarterly earnings results on Tuesday. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16), Zacks reports. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.86 billion. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. Mattel updated its FY 2025 guidance to 1.540-1.660 EPS.

Mattel Stock Up 2.4%

Shares of NASDAQ:MAT opened at $18.82 on Wednesday. Mattel has a 1-year low of $13.94 and a 1-year high of $22.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12. The stock has a market cap of $6.06 billion, a P/E ratio of 12.14, a P/E/G ratio of 2.33 and a beta of 0.68. The firm has a fifty day moving average price of $17.86 and a 200 day moving average price of $17.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MAT shares. JPMorgan Chase & Co. upped their target price on shares of Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Roth Capital set a $22.00 price objective on shares of Mattel and gave the company a “neutral” rating in a research note on Friday, July 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mattel presently has an average rating of “Moderate Buy” and a consensus price target of $24.38.

Institutional Investors Weigh In On Mattel

Several hedge funds have recently made changes to their positions in MAT. Goldman Sachs Group Inc. grew its holdings in shares of Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after buying an additional 1,393,000 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Mattel by 2.9% in the 2nd quarter. Bank of America Corp DE now owns 2,519,392 shares of the company’s stock valued at $49,682,000 after purchasing an additional 69,834 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Mattel by 4,674.5% in the second quarter. Balyasny Asset Management L.P. now owns 1,129,370 shares of the company’s stock valued at $22,271,000 after purchasing an additional 1,105,716 shares during the period. Squarepoint Ops LLC raised its stake in shares of Mattel by 48.9% during the second quarter. Squarepoint Ops LLC now owns 1,044,438 shares of the company’s stock worth $20,596,000 after purchasing an additional 343,224 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Mattel by 5.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock worth $15,135,000 after purchasing an additional 37,118 shares during the period. Institutional investors and hedge funds 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.