Mattel (MAT) to Release Quarterly Earnings on Wednesday

Mattel (NASDAQ:MAT) will announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm 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 Price Performance

Shares of MAT opened at $18.66 on Wednesday. The company has a market capitalization of $6.42 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $19.04 and a 200 day moving average of $18.32. Mattel has a twelve month low of $15.87 and a twelve month high of $21.52.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson reiterated a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group lifted their target price on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.