Roth Capital Has Negative Outlook for Mattel FY2024 Earnings

Mattel, Inc. (NASDAQ:MAT - Free Report) - Equities research analysts at Roth Capital lowered their FY2024 EPS estimates for Mattel in a research note issued to investors on Wednesday, January 15th. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of $1.48 for the year, down from their previous forecast of $1.50. The consensus estimate for Mattel's current full-year earnings is $1.46 per share. Roth Capital also issued estimates for Mattel's Q1 2025 earnings at ($0.14) EPS, FY2025 earnings at $1.52 EPS and FY2026 earnings at $1.65 EPS.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly 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 company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share.

Other equities research analysts also recently issued research reports about the company. DA Davidson reaffirmed a "buy" rating and issued a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. StockNews.com cut Mattel from a "buy" rating to a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Bank of America lifted their price target on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Morgan Stanley increased their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Mattel presently has an average rating of "Hold" and an average price target of $23.75.

Mattel Price Performance

Shares of NASDAQ:MAT traded down $0.01 during trading on Friday, reaching $17.93. 2,397,805 shares of the company traded hands, compared to its average volume of 2,546,428. The firm has a market capitalization of $6.04 billion, a PE ratio of 11.21, a PEG ratio of 0.88 and a beta of 0.75. Mattel has a 52 week low of $15.87 and a 52 week high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The company's 50 day moving average is $18.54 and its two-hundred day moving average is $18.60.

Hedge Funds Weigh In On Mattel

Several large investors have recently modified their holdings of MAT. UMB Bank n.a. increased its holdings in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock valued at $28,000 after purchasing an additional 1,268 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Mattel in the 3rd quarter valued at about $29,000. Prospera Private Wealth LLC acquired a new stake in shares of Mattel in the third quarter valued at about $34,000. West Oak Capital LLC increased its stake in shares of Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after buying an additional 1,955 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Mattel by 38.3% during 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 last quarter. Institutional investors own 97.15% of the company's stock.

About Mattel

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.