Mattel (NASDAQ:MAT) Releases FY 2024 Earnings Guidance

Mattel (NASDAQ:MAT) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.350-1.450 for the period, compared to the consensus estimate of 1.390. The company issued revenue guidance of -. Mattel also updated its FY24 guidance to $1.35-$1.45 EPS.

Mattel Stock Up 0.6 %

Mattel stock traded up $0.11 during midday trading on Tuesday, hitting $18.73. 3,704,040 shares of the stock were exchanged, compared to its average volume of 2,976,499. Mattel has a 52-week low of $16.20 and a 52-week high of $22.64. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96. The business’s 50-day moving average price is $19.30 and its 200-day moving average price is $19.09. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. The business had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. Mattel had a net margin of 3.94% and a return on equity of 21.25%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. On average, research analysts expect that Mattel will post 1.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Roth Mkm reissued a neutral rating and issued a $20.00 price target (down previously from $24.00) on shares of Mattel in a research report on Thursday, January 4th. Morgan Stanley reaffirmed 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. Roth Capital cut shares of Mattel from a buy rating to a neutral rating in a research note on Thursday, January 4th. TheStreet cut shares of Mattel from a b- rating to a c+ rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. cut shares of Mattel from an overweight rating to a neutral rating and dropped their price target for the company from $24.00 to $19.00 in a research report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.