Mattel (NASDAQ:MAT) Posts Earnings Results

Mattel (NASDAQ:MAT) issued its quarterly earnings data on Tuesday. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02, Briefing.com reports. Mattel had a net margin of 5.94% and a return on equity of 25.42%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. Mattel updated its FY24 guidance to $1.35-$1.45 EPS and its FY 2024 guidance to 1.350-1.450 EPS.

Mattel Trading Up 0.3 %

MAT stock traded up $0.06 during trading on Thursday, hitting $18.99. The company had a trading volume of 158,477 shares, compared to its average volume of 3,467,545. The company has a quick ratio of 1.88, a current ratio of 2.49 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $6.53 billion, a P/E ratio of 22.81, a PEG ratio of 1.10 and a beta of 0.86. The company has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $18.30. Mattel has a 52-week low of $15.87 and a 52-week high of $22.64.

Analysts Set New Price Targets

MAT has been the subject of a number of analyst reports. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup increased their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Roth Mkm reissued a “neutral” rating and set a $21.00 price target on shares of Mattel in a report on Wednesday, April 24th. Bank of America boosted their price target on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, DA Davidson reissued a “buy” rating and issued a $27.00 target price on shares of Mattel in a report on Monday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Mattel has a consensus rating of “Hold” and an average target price of $22.63.

Insider Transactions at Mattel

In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the transaction, the executive vice president now owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of Mattel stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares in the company, valued at approximately $1,997,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steve Totzke sold 45,216 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $18.90, for a total value of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,533 shares of company stock valued at $1,709,321. 1.50% of the stock is currently owned by company insiders.

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.