Roth Capital Has Bullish Forecast for Mattel FY2024 Earnings

Mattel, Inc. (NASDAQ:MAT) – Research analysts at Roth Capital increased their FY2024 earnings per share (EPS) estimates for shares of Mattel in a research note issued to investors on Thursday, October 24th. Roth Capital analyst E. Handler now expects that the company will post earnings per share of $1.50 for the year, up from their prior forecast of $1.44. The consensus estimate for Mattel’s current full-year earnings is $1.43 per share. Roth Capital also issued estimates for Mattel’s FY2025 earnings at $1.62 EPS and FY2026 earnings at $1.82 EPS.

Several other brokerages have also issued reports on MAT. Morgan Stanley raised their target price on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday. Bank of America upped their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, DA Davidson reaffirmed a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mattel presently has an average rating of “Hold” and a consensus target price of $23.75.

Mattel Trading Up 4.4 %

MAT stock opened at $18.57 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. Mattel has a twelve month low of $15.87 and a twelve month high of $20.48. The company has a market cap of $6.39 billion, a P/E ratio of 22.37, a PEG ratio of 1.25 and a beta of 0.79. The business has a fifty day moving average of $18.98 and a 200-day moving average of $18.28.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company posted $1.08 EPS. Mattel’s revenue was down 3.9% on a year-over-year basis.

Hedge Funds Weigh In On Mattel

Hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its position in Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Mattel during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares during the last quarter. Blue Trust Inc. raised its stake in Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after acquiring an additional 1,220 shares during the period. Finally, CWM LLC lifted its holdings in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

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.