Mattel (NASDAQ:MAT) Releases Earnings Results, Misses Estimates By $0.18 EPS

Key Points

• Mattel's quarterly earnings were $0.89 per share, missing the consensus estimate of $1.07 by $0.18.
• The company updated its FY 2025 guidance to an EPS range of 1.540-1.660.
• Research analysts have a consensus rating of "Moderate Buy" for Mattel, with a target price averaging $24.38.

Mattel (NASDAQ:MAT - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.18), Zacks reports. Mattel had a net margin of 9.87% and a return on equity of 25.19%. Mattel updated its FY 2025 guidance to 1.540-1.660 EPS.

Mattel Stock Performance

Shares of NASDAQ:MAT traded up $0.45 during trading on Tuesday, reaching $18.82. 6,297,066 shares of the company's stock traded hands, compared to its average volume of 3,992,351. The stock has a market capitalization of $6.06 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68. Mattel has a 12 month low of $13.94 and a 12 month high of $22.07. The company has a 50 day moving average of $17.84 and a 200-day moving average of $17.97. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mattel in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Roth Capital set a $22.00 price target on Mattel and gave the stock a "neutral" rating in a research report on Friday, July 11th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.38.

Institutional Trading of Mattel

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Mattel in the 2nd quarter worth approximately $288,000. CANADA LIFE ASSURANCE Co raised its holdings in Mattel by 8.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 223,277 shares of the company's stock worth $4,402,000 after purchasing an additional 17,384 shares in the last quarter. Monimus Capital Management LP acquired a new stake in Mattel in the second quarter worth approximately $1,645,000. Vident Advisory LLC bought a new position in Mattel during the 2nd quarter valued at $626,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Mattel during the 2nd quarter valued at $375,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.

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