Mattel (NASDAQ:MAT - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07, RTT News reports. The company had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. Mattel had a return on equity of 21.25% and a net margin of 3.94%. Mattel's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) earnings per share. Mattel updated its FY24 guidance to $1.35-$1.45 EPS and its FY 2024 guidance to 1.350-1.450 EPS.
Mattel Trading Up 0.6 %
Shares of Mattel stock traded up $0.11 during trading hours on Tuesday, reaching $18.73. The stock had a trading volume of 3,704,040 shares, compared to its average volume of 2,976,499. The firm has a 50 day simple moving average of $19.30 and a two-hundred day simple moving average of $19.08. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 30.71, a P/E/G ratio of 1.21 and a beta of 0.96. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. Mattel has a 1 year low of $16.20 and a 1 year high of $22.64.
Analyst Ratings Changes
Several analysts have recently issued reports on MAT shares. DA Davidson upped their price objective on Mattel from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Roth Capital downgraded Mattel from a "buy" rating to a "neutral" rating in a research report on Thursday, January 4th. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Monday, February 26th. TheStreet downgraded Mattel from a "b-" rating to a "c+" rating in a research report on Wednesday, January 24th. Finally, Roth Mkm reiterated a "neutral" rating and set a $20.00 target price (down from $24.00) on shares of Mattel in a research report on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.13.
Check Out Our Latest Analysis on MAT
About Mattel
(
Get Free Report)
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.
Featured Articles
Before you consider Mattel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mattel wasn't on the list.
While Mattel currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
