Mattel (MAT) reported earnings 30 days ago. What's next for the stock?
The mean of analysts' price targets for Mattel (MAT) points to a 26.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Mattel is pulling its "Wicked"-branded fashion dolls from retail shelves. Packages of its Glinda, Elphaba and other character dolls featured a misprinted website that lead to an adult website instead of Universal's movie site.
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Top global toy maker Mattel is a solid little company ripe for an acquisition by one of the content-short techies. Its gross margins and cost controls contribute value that a stagnant revenue line cannot until its TV and film IP value is recognized. We think at $19 it's a strong buy with low risk.
Mattel, Inc. MAT shares are trading higher on Thursday. Analysts adjusted the company's price target following the third-quarter results reported on Wednesday.
MAT's third-quarter 2024 results reflect benefits realized from the Optimizing for Profitable Growth program amid soft sales trends worldwide.
Mattel and Hasbro decreased guidance for the end of the year as toy sales continue to drop during the third quarter. The lowered guidance comes before the holiday season, where softened results could have major major effects for retail companies like Mattel and Hasbro.
Mattel, Inc. (NASDAQ:MAT ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Jenn Kettnich - VP, IR Ynon Kreiz - Chairman and CEO Anthony DiSilvestro - CFO Conference Call Participants Arpine Kocharyan - UBS Megan Alexander - Morgan Stanley Drew Crum - Stifel Stephen Laszczyk - Goldman Sachs Jim Chartier - Monness, Crespi, and Hardt Christopher Horvers - JPMorgan Kylie Cohu - Jefferies Alex Perry - Bank of America Linda Bolton-Weiser - D.A. Davidson Jaime Katz - Morningstar James Hardiman - Citi Fred Wightman - Wolfe Research Operator Thank you for standing by, and welcome to the Mattel, Inc. Third Quarter 2024 Earnings Conference Call.
Mattel has lowered its sales forecast for the year, in large part due to a 17% decline in gross billings for Barbie merchandise during the third quarter.