Mattel (NASDAQ:MAT – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.35-1.45 for the period, compared to the consensus EPS estimate of $1.44. Mattel also updated its FY 2024 guidance to 1.350-1.450 EPS.
Mattel Trading Up 4.6 %
Shares of Mattel stock traded up $0.81 during mid-day trading on Thursday, hitting $18.59. The stock had a trading volume of 3,366,931 shares, compared to its average volume of 3,139,075. The firm has a market cap of $6.40 billion, a P/E ratio of 22.37, 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 $18.99 and a two-hundred day moving average of $18.28. Mattel has a 12-month low of $15.87 and a 12-month high of $20.48.
Mattel (NASDAQ:MAT – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts forecast that Mattel will post 1.43 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on MAT
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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