Mattel (NASDAQ:MAT) Releases Earnings Results

Mattel (NASDAQ:MAT) posted its quarterly earnings results on Wednesday. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.95 by $0.19, Briefing.com reports. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Mattel updated its FY24 guidance to $1.35-1.45 EPS and its FY 2024 guidance to 1.350-1.450 EPS.

Mattel Stock Up 4.4 %

NASDAQ:MAT traded up $0.79 during midday trading on Thursday, reaching $18.57. The company had a trading volume of 4,836,099 shares, compared to its average volume of 3,146,207. Mattel has a 12-month low of $15.87 and a 12-month high of $20.48. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.25 and a beta of 0.79. 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 stock’s fifty day simple moving average is $18.98 and its 200-day simple moving average is $18.28.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MAT shares. JPMorgan Chase & Co. lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley raised their target price on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Thursday. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Jefferies Financial Group increased their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.75.

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.