Mattel (NASDAQ:MAT) Releases FY24 Earnings Guidance

Mattel (NASDAQ:MAT) updated its FY24 earnings guidance on Tuesday. 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 also updated its FY 2024 guidance to 1.350-1.450 EPS.

Analyst Ratings Changes

A number of research firms recently commented on MAT. Bank of America raised 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. Jefferies Financial Group lifted their target price on shares of Mattel from $19.00 to $20.00 and gave the company a hold rating in a research note on Friday, March 15th. Morgan Stanley reissued an equal weight rating and set a $19.00 target price (down previously from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. Roth Mkm reissued a neutral rating and set a $21.00 target price on shares of Mattel in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered shares of Mattel from an overweight rating to a neutral rating and decreased their target price for the company from $24.00 to $19.00 in a research note on Monday, February 5th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Mattel has a consensus rating of Moderate Buy and a consensus target price of $22.78.

Mattel Stock Performance

MAT traded down $0.13 during trading on Friday, hitting $18.34. The stock had a trading volume of 654,925 shares, compared to its average volume of 3,003,384. The firm has a market cap of $6.31 billion, a PE ratio of 22.25, a P/E/G ratio of 1.26 and a beta of 0.95. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 1.15. The company has a 50 day simple moving average of $19.30 and a 200-day simple moving average of $19.08.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. 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 firm posted ($0.24) EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Mattel will post 1.39 EPS for the current year.

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.