Mattel (NASDAQ:MAT – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.270-1.390 for the period, compared to the consensus EPS estimate of 1.340. The company issued revenue guidance of $5.5 billion-$5.7 billion, compared to the consensus revenue estimate of $5.7 billion.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Citigroup reduced their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Roth Capital dropped their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Finally, Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.33.
Check Out Our Latest Report on Mattel
Mattel Trading Down 0.6%
Mattel (NASDAQ:MAT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 18.67% and a net margin of 9.27%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities research analysts expect that Mattel will post 1.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Mattel
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Mattel during the 3rd quarter worth $28,000. Los Angeles Capital Management LLC purchased a new stake in Mattel in the 4th quarter valued at about $31,000. Atlas Capital Advisors Inc. acquired a new position in Mattel in the fourth quarter valued at about $36,000. Danske Bank A S acquired a new position in Mattel in the third quarter valued at about $49,000. Finally, UMB Bank n.a. boosted its stake in Mattel by 56.5% during the fourth quarter. UMB Bank n.a. now owns 3,241 shares of the company’s stock worth $64,000 after buying an additional 1,170 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.
About Mattel
Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.
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