What is Roth Capital’s Estimate for Mattel FY2024 Earnings?

Mattel, Inc. (NASDAQ:MAT) – Equities researchers at Roth Capital increased their FY2024 earnings estimates for shares of Mattel in a report issued on Thursday, October 24th. Roth Capital analyst E. Handler now anticipates that the company will post earnings of $1.50 per share for the year, up from their previous forecast of $1.44. The consensus estimate for Mattel’s current full-year earnings is $1.44 per share. Roth Capital also issued estimates for Mattel’s FY2025 earnings at $1.62 EPS and FY2026 earnings at $1.82 EPS.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their price objective on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Thursday. DA Davidson restated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday. Bank of America boosted their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday. Finally, Morgan Stanley lifted their target price on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.75.

Mattel Stock Performance

NASDAQ:MAT opened at $19.00 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The stock’s fifty day moving average is $18.97 and its 200 day moving average is $18.28. The firm has a market capitalization of $6.46 billion, a PE ratio of 20.65, a PEG ratio of 0.99 and a beta of 0.79. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $20.48.

Institutional Trading of Mattel

Several large investors have recently added to or reduced their stakes in MAT. Capital International Investors boosted its holdings in Mattel by 4.6% in the first quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock valued at $380,974,000 after purchasing an additional 845,368 shares during the last quarter. Ariel Investments LLC lifted its holdings in shares of Mattel by 0.7% in the 1st quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock valued at $308,705,000 after buying an additional 112,786 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after buying an additional 180,855 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Mattel by 20,152.4% during the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after acquiring an additional 10,940,943 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Mattel by 34.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after acquiring an additional 1,479,227 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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.