Mattel (NASDAQ:MAT) Issues FY 2024 Earnings Guidance

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Mattel from $19.00 to $20.00 and gave the company a hold rating in a report on Friday, March 15th. StockNews.com upgraded Mattel from a hold rating to a buy rating in a report on Monday, February 26th. Bank of America increased their price objective on Mattel from $25.00 to $26.00 and gave the stock a buy rating in a report on Wednesday. Roth Capital downgraded Mattel from a buy rating to a neutral rating in a report on Thursday, January 4th. Finally, TheStreet downgraded Mattel from a b- rating to a c+ rating in a report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $22.78.

Mattel Stock Performance

MAT stock traded up $0.60 during midday trading on Wednesday, hitting $19.33. 4,506,740 shares of the company traded hands, compared to its average volume of 2,994,372. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. The business has a 50 day simple moving average of $19.30 and a 200-day simple moving average of $19.08. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.24 and a beta of 0.95.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a return on equity of 21.25% and a net margin of 3.94%. The company 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 company posted ($0.24) earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts predict that Mattel will post 1.37 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.