Mattel, Inc. (NASDAQ:MAT) to Post Q2 2024 Earnings of $0.16 Per Share, Roth Capital Forecasts

Mattel, Inc. (NASDAQ:MAT) – Roth Capital dropped their Q2 2024 earnings per share estimates for shares of Mattel in a research report issued to clients and investors on Wednesday, April 24th. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of $0.16 for the quarter, down from their previous estimate of $0.17. Roth Capital currently has a “Neutral” rating on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.39 per share. Roth Capital also issued estimates for Mattel’s Q3 2024 earnings at $0.93 EPS and FY2026 earnings at $1.74 EPS.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The firm had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. During the same quarter last year, the business posted ($0.24) EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on the company. Roth Mkm reiterated a “neutral” rating and set a $21.00 target price on shares of Mattel in a research report on Wednesday. JPMorgan Chase & Co. downgraded shares of Mattel from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $24.00 to $19.00 in a report on Monday, February 5th. TheStreet downgraded shares of Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, Bank of America lifted their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.78.

Mattel Stock Down 3.7 %

Shares of NASDAQ:MAT opened at $18.47 on Friday. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.26 and a beta of 0.95. Mattel has a fifty-two week low of $16.20 and a fifty-two week high of $22.64. The firm’s 50-day simple moving average is $19.30 and its 200-day simple moving average is $19.08. The company has a quick ratio of 1.90, a current ratio of 2.49 and a debt-to-equity ratio of 1.15.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MAT. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Mattel during the first quarter worth about $406,000. Krilogy Financial LLC boosted its position in Mattel by 31.1% during the first quarter. Krilogy Financial LLC now owns 55,656 shares of the company’s stock worth $1,103,000 after acquiring an additional 13,214 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Mattel by 2.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 101,700 shares of the company’s stock worth $2,015,000 after acquiring an additional 2,500 shares during the period. State of Michigan Retirement System raised its holdings in Mattel by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock valued at $1,718,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Thompson Investment Management Inc. lifted its stake in shares of Mattel by 8.8% during the 1st quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock worth $293,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.