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

Mattel, Inc. (NASDAQ:MAT) – Equities researchers at Roth Capital cut their FY2024 EPS estimates for shares of Mattel in a report released on Wednesday, January 15th. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of $1.48 for the year, down from their previous estimate of $1.50. The consensus estimate for Mattel’s current full-year earnings is $1.46 per share. Roth Capital also issued estimates for Mattel’s Q1 2025 earnings at ($0.14) EPS, FY2025 earnings at $1.52 EPS and FY2026 earnings at $1.65 EPS.

MAT has been the topic of a number of other research reports. StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America lifted their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley increased their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Mattel currently has an average rating of “Hold” and a consensus price target of $23.75.

Mattel Trading Down 0.1 %

Shares of MAT stock opened at $17.93 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $6.04 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 0.88 and a beta of 0.75. The business’s 50 day moving average is $18.51 and its two-hundred day moving average is $18.62. Mattel has a twelve month low of $15.87 and a twelve month high of $20.59.

Mattel (NASDAQ:MAT) last announced 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 company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in shares of Mattel by 20,152.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock valued at $178,783,000 after purchasing an additional 10,940,943 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Mattel by 84.0% in the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after buying an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Mattel during the 4th quarter valued at $53,238,000. Dimensional Fund Advisors LP grew its holdings in Mattel by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after acquiring an additional 1,479,227 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Mattel by 92.5% during the second 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 during the last quarter. 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.