Mattel, Inc. (NASDAQ: MAT): A Competitive Analysis And Growth Prospects

In the last trading session, 3.7 million shares of the Mattel, Inc. (NASDAQ:MAT) were traded, and its beta was 0.98. Most recently the company’s share price was $18.73, and it changed around $0.11 or 0.59% from the last close, which brings the market valuation of the company to $6.44B. MAT currently trades at a discount to its 52-week high of $22.64, offering almost -20.88% off that amount. The share price’s 52-week low was $16.20, which indicates that the current value has risen by an impressive 13.51% since then. We note from Mattel, Inc.’s average daily trading volume that its 3-month average coming to 3.06 million.

Mattel, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 1.76. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 9 recommended MAT as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Mattel, Inc. is expected to report earnings per share of -$0.12 for the current quarter.

Mattel, Inc. (NASDAQ:MAT) trade information

Instantly MAT has showed a green trend with a performance of 0.59% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -0.79% year-to-date, but still up 4.23% over the last five days. On the other hand, Mattel, Inc. (NASDAQ:MAT) is -3.65% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $27.5, which translates to bulls needing to increase their stock price by 31.89% from its current value. Analyst projections state that MAT is forecast to be at a low of $23 and a high of $33.

Mattel, Inc. (MAT) estimates and forecasts

Mattel, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.46 percent over the past six months and at a 11.38% annual growth rate that is well above the industry average of 3.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 50.00% in revenue this quarter, and will report an increase of 70.00% in the next quarter. The year-over-year growth rate is expected to be -0.20%, down from the previous year.

Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $831.8 million in revenue for the current quarter. 10 analysts expect Mattel, Inc. to make $1.1 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $814.6 million and $1 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.10%. Forecasts for the next quarter put sales growth at 10.40%.

Mattel, Inc. earnings are expected to increase by 12.45% in 2024, but the outlook is positive 11.00% per year for the next five years.