Mattel (NASDAQ:MAT) Releases FY 2024 Earnings Guidance

Mattel (NASDAQ:MAT) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.350-1.450 for the period, compared to the consensus estimate of 1.410. The company issued revenue guidance of -. Mattel also updated its FY24 guidance to $1.35-$1.45 EPS.

Analysts Set New Price Targets

A number of brokerages have issued reports on MAT. Bank of America increased their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a buy rating in a research note on Wednesday, April 24th. Citigroup increased their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a buy rating in a research note on Wednesday, April 24th. Roth Mkm reiterated a neutral rating and set a $21.00 price objective on shares of Mattel in a research note on Wednesday, April 24th. DA Davidson restated a buy rating and issued a $27.00 price target on shares of Mattel in a research note on Monday. Finally, StockNews.com downgraded shares of Mattel from a buy rating to a hold rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $22.63.

Mattel Trading Down 0.6 %

NASDAQ MAT traded down $0.11 during trading hours on Thursday, reaching $18.82. The company’s stock had a trading volume of 1,473,873 shares, compared to its average volume of 3,476,808. The firm has a fifty day simple moving average of $17.21 and a 200-day simple moving average of $18.30. The stock has a market cap of $6.48 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.10 and a beta of 0.86. Mattel has a 52 week low of $15.87 and a 52 week high of $22.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Mattel had a net margin of 5.94% and a return on equity of 25.42%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. Equities analysts forecast that Mattel will post 1.4 earnings per share for the current fiscal year.

Insider Activity at Mattel

In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the transaction, the executive vice president now owns 106,086 shares in the company, valued at approximately $1,997,599.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Mattel news, insider Steve Totzke sold 45,216 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.90, for a total transaction of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares in the company, valued at approximately $1,925,947.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total transaction of $407,763.65. Following the transaction, the executive vice president now owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The disclosure for this sale can be found here. Insiders sold a total of 90,533 shares of company stock worth $1,709,321 in the last quarter. 1.50% of the stock is owned by insiders.

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.