FY2025 Earnings Forecast for Mattel Issued By DA Davidson

Mattel, Inc. (NASDAQ:MAT) – Equities researchers at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Mattel in a report released on Thursday, October 24th. DA Davidson analyst L. Weiser now forecasts that the company will post earnings of $1.52 per share for the year, down from their prior forecast of $1.58. DA Davidson currently has a “Buy” rating and a $27.00 target price on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.43 per share.

MAT has been the subject of several other reports. Jefferies Financial Group boosted their price target on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley boosted their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday. Bank of America upped their target price on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.75.

Mattel Trading Up 4.4 %

Shares of MAT stock opened at $18.57 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. The stock has a market cap of $6.39 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. The stock has a 50 day simple moving average of $18.98 and a 200 day simple moving average of $18.28. Mattel has a 1 year low of $15.87 and a 1 year high of $20.48.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Mattel by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after buying an additional 180,855 shares in the last quarter. Barington Capital Group L.P. increased its holdings in shares of Mattel by 25.3% during the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock worth $9,675,000 after buying an additional 120,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Mattel during the second quarter worth $312,000. Van ECK Associates Corp increased its holdings in shares of Mattel by 181.0% during the first quarter. Van ECK Associates Corp now owns 220,845 shares of the company’s stock worth $4,375,000 after buying an additional 142,266 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Mattel by 292.6% during the first quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock worth $1,653,000 after buying an additional 62,204 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.