Mattel (NASDAQ:MAT) Issues Earnings Results, Beats Expectations By $0.03 EPS

Mattel (NASDAQ:MAT - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03, Zacks reports. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm's revenue for the quarter was down 5.7% on a year-over-year basis. Mattel updated its FY 2025 guidance to 1.540-1.660 EPS.

Mattel Price Performance

Shares of MAT stock traded up $0.54 during mid-day trading on Friday, reaching $17.43. The stock had a trading volume of 10,169,165 shares, compared to its average volume of 4,198,733. Mattel has a 12-month low of $13.94 and a 12-month high of $22.07. The company has a market cap of $5.63 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.66. The business has a 50-day simple moving average of $19.37 and a 200 day simple moving average of $18.88. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MAT. Wall Street Zen cut Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. upped their price target on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday. DA Davidson restated a "buy" rating and set a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Citigroup upped their price target on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, The Goldman Sachs Group cut their price target on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MAT. Integrated Wealth Concepts LLC purchased a new position in shares of Mattel in the first quarter valued at $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Mattel by 74.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company's stock valued at $67,000 after buying an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Mattel by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company's stock valued at $80,709,000 after buying an additional 1,393,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mattel by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company's stock valued at $15,135,000 after buying an additional 37,118 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Mattel in the first quarter valued at $266,000. Hedge funds and other 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.