Mattel (NASDAQ:MAT – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.35-1.45 for the period, compared to the consensus estimate of $1.44.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Jefferies Financial Group raised their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. DA Davidson reissued a “buy” rating and set a $27.00 price objective on shares of Mattel in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.13.
Read Our Latest Research Report on MAT
Mattel Price Performance
Mattel (NASDAQ:MAT – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $0.10 EPS. Mattel’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts expect that Mattel will post 1.43 earnings per share for the current year.
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.
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