Mattel (NASDAQ:MAT) Updates FY 2024 Earnings Guidance

Mattel (NASDAQ:MAT) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.350-1.450 for the period, compared to the consensus EPS estimate of 1.390. The company issued revenue guidance of -. Mattel also updated its FY24 guidance to $1.35-$1.45 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MAT shares. Jefferies Financial Group upped their price target on Mattel from $19.00 to $20.00 and gave the stock a hold rating in a report on Friday, March 15th. Roth Capital cut shares of Mattel from a buy rating to a neutral rating in a report on Thursday, January 4th. Stifel Nicolaus lowered their price target 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. Roth Mkm restated a neutral rating and issued a $21.00 price objective on shares of Mattel in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered Mattel from an overweight rating to a neutral rating and dropped their target price for the company from $24.00 to $19.00 in a report on Monday, February 5th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $22.78.

Mattel Price Performance

MAT traded down $0.71 during trading on Thursday, reaching $18.47. 4,165,038 shares of the stock were exchanged, compared to its average volume of 3,034,085. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.33 and a quick ratio of 1.90. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 1.25 and a beta of 0.95. Mattel has a 1 year low of $16.20 and a 1 year high of $22.64. The business’s 50 day moving average price is $19.30 and its two-hundred day moving average price is $19.08.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.25%. The business had revenue of $809.50 million during the quarter, compared to analysts’ expectations of $833.52 million. During the same period last year, the company posted ($0.24) EPS. The company’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that Mattel will post 1.37 earnings per share 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.