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

Mattel Stock Down 0.1 %

Shares of MAT stock traded down $0.01 during mid-day trading on Friday, reaching $18.46. 734,061 shares of the company’s stock traded hands, compared to its average volume of 3,005,334. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64. The company’s 50-day moving average price is $19.30 and its 200-day moving average price is $19.08. The company has a quick ratio of 1.90, a current ratio of 2.49 and a debt-to-equity ratio of 1.15. The company has a market cap of $6.35 billion, a P/E ratio of 22.25, a P/E/G ratio of 1.26 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 24.32% and a net margin of 5.38%. The firm had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. During the same quarter last year, the firm posted ($0.24) earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that Mattel will post 1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group increased their target price on Mattel from $19.00 to $20.00 and gave the stock a hold rating in a research report on Friday, March 15th. Morgan Stanley reissued an equal weight rating and set a $19.00 price objective (down previously from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. TheStreet lowered Mattel from a b- rating to a c+ rating in a research note on Wednesday, January 24th. Roth Mkm reissued a neutral rating and issued a $21.00 target price on shares of Mattel in a report on Wednesday. Finally, 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 research report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $22.78.

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.