Mattel (NASDAQ:MAT – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. 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.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Morgan Stanley restated an equal weight rating and set a $19.00 price target (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Jefferies Financial Group increased their target price on shares of Mattel from $19.00 to $20.00 and gave the stock a hold rating in a report on Friday, March 15th. Roth Capital lowered shares of Mattel from a buy rating to a neutral rating in a report on Thursday, January 4th. Stifel Nicolaus dropped their target price on shares of Mattel from $26.00 to $23.00 and set a buy rating for the company in a report on Wednesday, January 24th. Finally, TheStreet lowered shares of Mattel from a b- rating to a c+ rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Mattel has an average rating of Moderate Buy and a consensus price target of $22.13.
Read Our Latest Report on Mattel
Mattel Stock Up 0.6 %
Mattel (NASDAQ:MAT – Get Free Report) last issued 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. Mattel had a net margin of 3.94% and a return on equity of 21.25%. The business had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same period last year, the business posted ($0.24) earnings per share. Mattel’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts expect that Mattel will post 1.37 EPS for the current fiscal 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.
Recommended Stories
- Five stocks we like better than Mattel
- Airline Stocks – Top Airline Stocks to Buy Now
- Charles Schwab Fortifies its Uptrend on EPS Beat
- Where Do I Find 52-Week Highs and Lows?
- Lockheed Martin Stock Aims for a Fresh All-Time High
- 3 Monster Growth Stocks to Buy Now
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.