Mattel (NASDAQ:MAT – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.35-1.45 for the period, compared to the consensus earnings per share estimate of $1.44. Mattel also updated its FY 2024 guidance to 1.350-1.450 EPS.
Mattel Trading Down 1.8 %
NASDAQ MAT traded down $0.33 on Wednesday, reaching $17.78. 4,062,558 shares of the company were exchanged, compared to its average volume of 3,137,941. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. The business’s fifty day moving average price is $19.02 and its 200 day moving average price is $18.29. The stock has a market capitalization of $6.12 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $20.48.
Mattel (NASDAQ:MAT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $0.10 EPS. The company’s revenue was down .7% compared to the same quarter last year. Analysts forecast that Mattel will post 1.43 earnings per share for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Mattel
Mattel Company Profile
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.
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