Mattel (MAT) Scheduled to Post Earnings on Tuesday

Mattel (NASDAQ:MAT - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Mattel to post earnings of ($0.12) per share for the quarter. Mattel has set its FY24 guidance at $1.35-1.45 EPS and its FY 2024 guidance at 1.350-1.450 EPS.Investors interested in listening to the company's conference call can do so using this link.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Mattel had a return on equity of 21.25% and a net margin of 3.94%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business earned $0.18 earnings per share. Mattel's quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts expect Mattel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mattel Stock Performance

Shares of NASDAQ MAT traded down $0.12 during midday trading on Tuesday, reaching $17.97. 2,817,902 shares of the company traded hands, compared to its average volume of 2,969,452. The stock has a 50-day moving average price of $19.36 and a 200 day moving average price of $19.18. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.23 and a beta of 0.96. Mattel has a 52 week low of $16.20 and a 52 week high of $22.64. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.33 and a quick ratio of 1.90.

Hedge Funds Weigh In On Mattel

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Mattel by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 33,071,893 shares of the company's stock worth $626,381,000 after buying an additional 425,938 shares during the period. BlackRock Inc. lifted its position in shares of Mattel by 0.6% during the first quarter. BlackRock Inc. now owns 29,406,400 shares of the company's stock worth $653,116,000 after acquiring an additional 173,932 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Mattel by 3.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,084,720 shares of the company's stock worth $269,111,000 after buying an additional 477,695 shares in the last quarter. Capital International Investors increased its stake in Mattel by 6.3% in the first quarter. Capital International Investors now owns 11,648,917 shares of the company's stock valued at $258,722,000 after acquiring an additional 693,226 shares during the last quarter. Finally, State Street Corp increased its stake in Mattel by 1.1% in the first quarter. State Street Corp now owns 9,893,948 shares of the company's stock valued at $182,142,000 after acquiring an additional 110,137 shares during the last quarter. Institutional investors own 97.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MAT shares. Jefferies Financial Group lifted their target price on Mattel from $19.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, March 15th. Morgan Stanley reissued an "equal weight" rating and issued a $19.00 price objective (down previously from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. Stifel Nicolaus cut their target price on Mattel from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. downgraded Mattel from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $24.00 to $19.00 in a report on Monday, February 5th. Finally, TheStreet downgraded Mattel from a "b-" rating to a "c+" rating in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Mattel presently has an average rating of "Moderate Buy" and a consensus price target of $22.13.

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.