Mattel (NASDAQ:MAT) Releases FY24 Earnings Guidance

Mattel (NASDAQ:MAT) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.35-$1.45 for the period, compared to the consensus estimate of $1.38.

Mattel Stock Performance

MAT traded up $0.11 during midday trading on Tuesday, hitting $18.73. 3,699,293 shares of the company traded hands, compared to its average volume of 2,976,055. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $6.44 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96. The company’s 50-day moving average is $19.30 and its 200 day moving average is $19.09. Mattel has a 52 week low of $16.20 and a 52 week high of $22.64.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a net margin of 3.94% and a return on equity of 21.25%. The firm had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that Mattel will post 1.37 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on MAT. Roth Capital lowered shares of Mattel from a buy rating to a neutral rating in a report on Thursday, January 4th. TheStreet lowered shares of Mattel from a b- rating to a c+ rating in a report on Wednesday, January 24th. DA Davidson increased their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a buy rating in a report on Thursday, February 8th. Stifel Nicolaus reduced their target price on shares of Mattel from $26.00 to $23.00 and set a buy rating for the company in a report on Wednesday, January 24th. Finally, StockNews.com raised shares of Mattel from a hold rating to a buy rating in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Mattel presently has a consensus rating of Moderate Buy and a consensus price target of $22.13.

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.