Roth Capital Has Pessimistic Outlook of Mattel Q4 Earnings

Mattel, Inc. (NASDAQ:MAT - Free Report) - Research analysts at Roth Capital reduced their Q4 2024 EPS estimates for Mattel in a report issued 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 prior estimate of $0.36. The consensus estimate for Mattel's current full-year earnings is $1.44 per share.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The company's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.08 earnings per share.

Several other research analysts also recently issued reports on MAT. DA Davidson reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday. Bank of America raised their price target on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday. StockNews.com cut shares of Mattel from a "buy" rating to a "hold" rating in a research note on Thursday. Jefferies Financial Group raised their target price on Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley upped their price target on Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $23.75.

Mattel Price Performance

MAT stock traded up $0.72 during midday trading on Monday, reaching $19.72. 4,000,972 shares of the stock were exchanged, compared to its average volume of 3,153,007. Mattel has a 52 week low of $15.87 and a 52 week high of $20.48. The company has a fifty day moving average price of $18.97 and a 200 day moving average price of $18.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. The stock has a market capitalization of $6.79 billion, a PE ratio of 23.46, a P/E/G ratio of 0.99 and a beta of 0.79.

Hedge Funds Weigh In On Mattel

Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company's stock worth $231,487,000 after acquiring an additional 180,855 shares in the last quarter. Barington Capital Group L.P. grew its position in Mattel by 25.3% in the 2nd quarter. Barington Capital Group L.P. now owns 595,000 shares of the company's stock valued at $9,675,000 after purchasing an additional 120,000 shares during the period. SG Americas Securities LLC bought a new stake in Mattel during the 2nd quarter valued at $312,000. Van ECK Associates Corp raised its holdings in Mattel by 181.0% during the first quarter. Van ECK Associates Corp now owns 220,845 shares of the company's stock worth $4,375,000 after buying an additional 142,266 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Mattel by 292.6% in the first quarter. Tidal Investments LLC now owns 83,462 shares of the company's stock valued at $1,653,000 after buying an additional 62,204 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

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.