Mattel (NASDAQ:MAT – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.35-$1.45 for the period, compared to the consensus EPS estimate of $1.38.
Wall Street Analysts Forecast Growth
MAT has been the topic of several analyst reports. Roth Mkm reaffirmed a neutral rating and issued a $20.00 target price (down from $24.00) on shares of Mattel in a research note on Thursday, January 4th. TheStreet downgraded shares of Mattel from a b- rating to a c+ rating in a research note on Wednesday, January 24th. StockNews.com raised shares of Mattel from a hold rating to a buy rating in a research note on Monday, February 26th. JPMorgan Chase & Co. downgraded shares of Mattel from an overweight rating to a neutral rating and decreased their target price for the stock from $24.00 to $19.00 in a research note on Monday, February 5th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $19.00 target price (down from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Mattel currently has an average rating of Moderate Buy and a consensus price target of $22.13.
Read Our Latest Stock Analysis on MAT
Mattel Stock Up 0.6 %
Mattel (NASDAQ:MAT – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. Mattel had a net margin of 3.94% and a return on equity of 21.25%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) EPS. On average, equities analysts expect that Mattel will post 1.37 earnings per share for the current fiscal year.
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.
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