Jefferies Financial Group Equities Analysts Boost Earnings Estimates for Mattel, Inc. (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) – Equities researchers at Jefferies Financial Group increased their Q1 2022 earnings per share estimates for shares of Mattel in a research report issued on Thursday, September 23rd. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings per share of $0.08 for the quarter, up from their prior estimate of $0.07. Jefferies Financial Group also issued estimates for Mattel’s Q2 2022 earnings at $0.13 EPS and Q4 2022 earnings at $0.56 EPS.

MAT has been the subject of a number of other reports. KeyCorp upped their price objective on shares of Mattel from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 29th. Zacks Investment Research lowered shares of Mattel from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a report on Monday, June 28th. DA Davidson upped their target price on shares of Mattel from $28.50 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Mattel from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 28th. Finally, TheStreet lowered shares of Mattel from a “b-” rating to a “c+” rating in a report on Friday, September 10th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $23.10.

NASDAQ:MAT opened at $19.81 on Friday. The company has a debt-to-equity ratio of 5.38, a quick ratio of 1.21 and a current ratio of 1.94. The company has a fifty day moving average of $21.03 and a two-hundred day moving average of $20.72. The stock has a market capitalization of $6.91 billion, a PE ratio of 21.30 and a beta of 1.51. Mattel has a fifty-two week low of $11.23 and a fifty-two week high of $23.31.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, July 27th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.06. Mattel had a net margin of 6.32% and a return on equity of 89.86%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $885.39 million. During the same period in the previous year, the business posted ($0.26) EPS. The business’s revenue was up 40.2% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Mattel by 1.6% in the second quarter. Vanguard Group Inc. now owns 31,863,935 shares of the company’s stock valued at $640,465,000 after buying an additional 516,450 shares during the last quarter. BlackRock Inc. lifted its position in Mattel by 1.6% in the first quarter. BlackRock Inc. now owns 30,157,341 shares of the company’s stock valued at $600,735,000 after buying an additional 480,572 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in Mattel by 6.4% in the second quarter. Frontier Capital Management Co. LLC now owns 17,731,950 shares of the company’s stock valued at $356,412,000 after buying an additional 1,062,107 shares during the last quarter. Ariel Investments LLC lifted its position in Mattel by 2.0% in the second quarter. Ariel Investments LLC now owns 15,620,180 shares of the company’s stock valued at $313,966,000 after buying an additional 310,333 shares during the last quarter. Finally, FMR LLC lifted its position in Mattel by 28.7% in the second quarter. FMR LLC now owns 9,643,775 shares of the company’s stock valued at $193,839,000 after buying an additional 2,148,781 shares during the last quarter. 97.80% of the stock is currently owned by institutional investors.

About Mattel

Mattel, Inc is a global children’s entertainment company that specializes in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates through the following segments: North America, International and American Girl.

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Earnings History and Estimates for Mattel (NASDAQ:MAT)

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