Mattel (NASDAQ:MAT) Posts Earnings Results, Beats Estimates By $0.07 EPS

Mattel (NASDAQ:MAT) released its quarterly earnings results on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07, RTT News reports. Mattel had a return on equity of 21.25% and a net margin of 3.94%. The firm had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. During the same quarter last year, the business posted ($0.24) EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Mattel updated its FY24 guidance to $1.35-$1.45 EPS.

Mattel Price Performance

Shares of NASDAQ MAT traded up $0.11 during trading hours on Tuesday, hitting $18.73. 3,699,293 shares of the stock were exchanged, compared to its average volume of 2,976,055. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33. The company has a market cap of $6.44 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96. The company’s fifty day simple moving average is $19.30 and its two-hundred day simple moving average is $19.09. Mattel has a 1-year low of $16.20 and a 1-year high of $22.64.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MAT shares. Roth Capital cut Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. Roth Mkm reiterated a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Mattel in a research note on Thursday, January 4th. JPMorgan Chase & Co. cut Mattel from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. TheStreet cut Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Finally, DA Davidson raised their target price on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.13.

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.