FY2024 EPS Estimates for Mattel, Inc. Raised by Roth Capital (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Investment analysts at Roth Capital lifted their FY2024 earnings per share estimates for Mattel in a report released on Wednesday, April 24th. Roth Capital analyst E. Handler now anticipates that the company will earn $1.41 per share for the year, up from their prior estimate of $1.38. Roth Capital has a “Neutral” rating on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.37 per share.

Other analysts have also recently issued reports about the company. Bank of America increased their price target on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup increased their price target on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. Roth Mkm reissued a “neutral” rating and set a $21.00 price objective on shares of Mattel in a research note on Wednesday. Stifel Nicolaus reduced their price objective on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Finally, DA Davidson increased their target price on Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.78.

Mattel Stock Up 2.4 %

Shares of Mattel stock opened at $19.18 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. The business’s 50 day simple moving average is $19.30 and its 200-day simple moving average is $19.08. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.25 and a beta of 0.95. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The firm had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. Mattel’s revenue for the quarter was down .6% compared to the same quarter last year.

Institutional Trading of Mattel

Hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Vermont raised its holdings in Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. Clearstead Advisors LLC acquired a new stake in shares of Mattel in the third quarter valued at about $52,000. Y.D. More Investments Ltd acquired a new stake in shares of Mattel in the third quarter valued at about $53,000. Partnership Wealth Management LLC acquired a new stake in shares of Mattel in the fourth quarter valued at about $61,000. Finally, Fifth Third Bancorp grew its position in shares of Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock valued at $64,000 after purchasing an additional 550 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.