Mattel (MAT) Set to Announce Earnings on Wednesday

Mattel (NASDAQ:MAT) will be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Mattel to post earnings of $0.92 per share for the quarter. Mattel has set its FY24 guidance at $1.35-$1.45 EPS and its FY 2024 guidance at 1.350-1.450 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, analysts expect Mattel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mattel Trading Up 2.3 %

NASDAQ MAT opened at $19.06 on Monday. The company has a fifty day moving average of $19.04 and a 200 day moving average of $18.31. The company has a market capitalization of $6.56 billion, a PE ratio of 22.96, a P/E/G ratio of 1.25 and a beta of 0.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. Mattel has a 1 year low of $15.87 and a 1 year high of $21.14.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MAT shares. Jefferies Financial Group upped their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Monday, July 22nd. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

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.