Roth Capital Forecasts Mattel’s FY2024 Earnings (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Roth Capital upped their FY2024 earnings per share estimates for shares of Mattel in a research note issued to investors on Thursday, October 24th. Roth Capital analyst E. Handler now expects that the company will earn $1.50 per share for the year, up from their prior estimate of $1.44. The consensus estimate for Mattel’s current full-year earnings is $1.44 per share. Roth Capital also issued estimates for Mattel’s FY2025 earnings at $1.62 EPS and FY2026 earnings at $1.82 EPS.

Several other brokerages have also issued reports on MAT. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday. Jefferies Financial Group increased their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Bank of America lifted their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.75.

Mattel Price Performance

Shares of NASDAQ MAT opened at $19.00 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The firm has a fifty day moving average of $18.97 and a 200 day moving average of $18.28. The firm has a market cap of $6.46 billion, a PE ratio of 20.65, a PEG ratio of 0.99 and a beta of 0.79. Mattel has a one year low of $15.87 and a one year high of $20.48.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year.

Institutional Trading of Mattel

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after buying an additional 693 shares during the last quarter. GAMMA Investing LLC grew its position in Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares during the period. Private Advisor Group LLC increased its stake in Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock worth $387,000 after acquiring an additional 860 shares during the last quarter. CWM LLC raised its position in Mattel by 71.0% in the second quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Mattel by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after purchasing an additional 1,160 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

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.