Roth Capital Analysts Increase Earnings Estimates for Mattel

Mattel, Inc. (NASDAQ:MAT) – Stock analysts at Roth Capital upped their FY2024 earnings estimates for shares of Mattel in a research report issued to clients and investors on Thursday, October 24th. Roth Capital analyst E. Handler now forecasts that the company will earn $1.50 per share for the year, up from their previous estimate 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 posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.95 by $0.19. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 earnings per share.

MAT has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America increased their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley raised their target price on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Jefferies Financial Group upped their price target on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Mattel currently has an average rating of “Hold” and a consensus price target of $23.75.

Mattel Stock Up 2.3 %

Shares of MAT opened at $19.00 on Friday. Mattel has a 52-week low of $15.87 and a 52-week high of $20.48. 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 stock has a fifty day simple moving average of $18.97 and a two-hundred day simple moving average of $18.28. The company has a market capitalization of $6.46 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after buying an additional 10,940,943 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Mattel in the second quarter valued at $32,559,000. Dimensional Fund Advisors LP boosted its holdings in Mattel by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after purchasing an additional 1,479,227 shares during the period. Millennium Management LLC grew its stake in Mattel by 92.5% during the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after purchasing an additional 1,180,301 shares in the last quarter. Finally, Capital International Investors increased its holdings in Mattel by 4.6% during the 1st quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock worth $380,974,000 after purchasing an additional 845,368 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

About Mattel

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.