Roth Capital Estimates Mattel’s Q4 Earnings (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Investment analysts at Roth Capital decreased their Q4 2024 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 anticipates that the company will earn $0.22 per share for the quarter, down from their previous estimate of $0.36. The consensus estimate for Mattel’s current full-year earnings is $1.44 per share.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year.

Several other research firms have also issued reports on MAT. DA Davidson reissued a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley increased their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Jefferies Financial Group lifted their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Bank of America increased their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.75.

Mattel Price Performance

Shares of MAT stock opened at $19.83 on Monday. The firm has a fifty day moving average of $19.00 and a two-hundred day moving average of $18.29. The firm has a market cap of $6.82 billion, a P/E ratio of 23.89, a P/E/G ratio of 0.99 and a beta of 0.79. Mattel has a 1-year low of $15.87 and a 1-year high of $20.48. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in Mattel by 2.8% in the third 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 holdings in shares of Mattel by 38.3% in the 3rd 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 last quarter. Private Advisor Group LLC lifted its holdings in shares of Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock valued at $387,000 after purchasing an additional 860 shares during the last quarter. CWM LLC boosted its position in shares of Mattel by 71.0% in the 2nd 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 boosted its position in shares of Mattel by 3.0% in the 3rd 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.