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

Mattel, Inc. (NASDAQ:MAT) – DA Davidson issued their Q2 2024 earnings estimates for Mattel in a research report issued 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 has a “Buy” rating and a $27.00 price objective on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.39 per share. DA Davidson also issued estimates for Mattel’s FY2024 earnings at $1.45 EPS and FY2025 earnings at $1.58 EPS.

Other equities research analysts also recently issued research reports about the stock. Roth Mkm reiterated a “neutral” rating and set a $21.00 price target on shares of Mattel in a research note on Wednesday. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Morgan Stanley reiterated an “equal weight” rating and set a $19.00 price target (down previously from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Bank of America upped their price target on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group boosted their price objective on Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

Mattel Trading Down 0.6 %

Shares of MAT stock opened at $18.36 on Thursday. Mattel has a 1 year low of $16.20 and a 1 year high of $22.64. The firm’s fifty day simple moving average is $19.29 and its 200 day simple moving average is $19.07. The firm has a market capitalization of $6.32 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MAT) last released its quarterly earnings results 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 net margin of 5.38% and a return on equity of 24.32%. The company had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. During the same quarter last year, the firm posted ($0.24) earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year.

Institutional Trading of Mattel

A number of institutional investors and hedge funds have recently modified their holdings of MAT. Trust Co. of Vermont increased its stake in Mattel by 833.3% during the 3rd 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 in the last quarter. Clearstead Advisors LLC acquired a new position in Mattel during the 3rd quarter worth approximately $52,000. Y.D. More Investments Ltd acquired a new position in Mattel during the 3rd quarter worth approximately $53,000. Fifth Third Bancorp boosted its position in Mattel by 23.3% during the 3rd quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after acquiring an additional 550 shares during the last quarter. Finally, Partnership Wealth Management LLC acquired a new position in Mattel during the 4th quarter worth approximately $61,000. 97.15% of the stock is 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.