Mattel (NASDAQ:MAT – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.35-$1.45 for the period, compared to the consensus estimate of $1.38. Mattel also updated its FY 2024 guidance to 1.350-1.450 EPS.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Mattel from $26.00 to $23.00 and set a buy rating for the company in a research note on Wednesday, January 24th. DA Davidson boosted their price objective on shares of Mattel from $26.00 to $27.00 and gave the stock a buy rating in a research report on Wednesday. StockNews.com upgraded shares of Mattel from a hold rating to a buy rating in a research report on Monday, February 26th. Citigroup boosted their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Roth Mkm restated a neutral rating and issued a $21.00 price objective on shares of Mattel in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $22.78.
Check Out Our Latest Report on MAT
Mattel Trading Down 3.7 %
Mattel (NASDAQ:MAT – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.25%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.24) EPS. As a group, analysts forecast that Mattel will post 1.37 earnings per share for the current fiscal year.
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.
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