Mattel Q2 2024 Adj EPS $0.19 Beats $0.17 Estimate, Sales $1.08B Miss $1.10B Estimate

7/23/24 4:06:09 PM ET

Recreational Games/Products/Toys

Consumer Discretionary

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Mattel (NASDAQ:MAT) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.17 by 11.76 percent. The company reported quarterly sales of $1.08 billion which missed the analyst consensus estimate of $1.10 billion by 1.59 percent. This is a 0.64 percent decrease over sales of $1.09 billion the same period last year.

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Recent Analyst Ratings for
$MAT

Date	Price Target	Rating	Analyst
2/5/2024	$24.00 → $19.00	Overweight → Neutral	JP Morgan
1/17/2024	$25.00 → $19.00	Overweight → Equal-Weight	Morgan Stanley
1/4/2024	$24.00 → $20.00	Buy → Neutral	ROTH MKM
10/20/2023	$26.00	Buy	Citigroup
9/27/2023	$27.00	Overweight	Morgan Stanley
2/1/2023	$26.00	Buy	Goldman
1/3/2023	$29.00 → $26.00	Buy	Stifel
7/11/2022	$30.00 → $31.00	Neutral → Buy	Goldman

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Press Releases

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Mattel to Participate in Morgan Stanley's Global Consumer & Retail Conference
Mattel, Inc. (NASDAQ:MAT) today announced that Ynon Kreiz, Mattel's Chairman and Chief Executive Officer, and Anthony DiSilvestro, Mattel's Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on Wednesday, December 4, 2024 at 11:00 a.m. Eastern time. The webcast will be available on Mattel's Investor Relations website, https://investors.mattel.com/. To listen to the webcast, log onto the website at least 15 minutes early to register, download, and install any necessary software. An archive of the webcast will be available on the Company's website shortly after the completion of the live webcast. About Mattel Mattel is
11/20/24 4:30:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary
Hot Wheels Crowns 2024 Global Legends Tour Winner, Soon to be Reimagined as a Hot Wheels Die-Cast Car Sold Worldwide
Giuseppe Casagrande and his team will have their custom "La Liebre" race car project immortalized as a 1:64 Hot Wheels® die-cast car sold around the world More than 5,000 vehicles from 13 countries competed in the 2024 Hot Wheels™ Legends Tour presented by Mobil 1 The 1968 custom build based on a Baufer modified Ford Falcon chassis is the seventh Hot Wheels Legends Tour winner to be inducted into the Garage of Legends™ and recreated as a Hot Wheels die-cast Photos of the 2024 Hot Wheels Legends Tour winner can be found HERE Mattel, Inc (NASDAQ:MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, announced
11/16/24 1:30:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary
Mattel Reports Third Quarter 2024 Financial Results
Third Quarter 2024 Highlights Versus Prior Year Net Sales of $1,844 million, down 4% as reported, and 3% in constant currency Gross Margin of 53.1%, an increase of 210 basis points; Adjusted Gross Margin of 53.1%, an increase of 210 basis points Operating Income of $488 million, an increase of $14 million; Adjusted Operating Income of $504 million, a decrease of $2 million Net Income of $372 million, an improvement of $226 million Earnings per Share of $1.09 compared to $0.41 per share; Adjusted Earnings per Share of $1.14 compared to $1.08 per share Adjusted EBITDA of $584 million, an improvement of $5 million Repurchased $68 million of shares, bringing nine-month total to $2
10/23/24 4:05:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary

Why General Dynamics Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
7/24/24 1:26:11 PM ET
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AT&T, Group 1 Automotive, Mattel, Seagate And Other Big Stocks Moving Higher On Wednesday
U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s
7/24/24 10:46:56 AM ET
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Mattel shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.
7/24/24 10:09:19 AM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary

Mattel Appoints Jennifer Kettnich Vice President, Investor Relations
Mattel, Inc. (NASDAQ:MAT) today announced that Jennifer Kettnich has joined the company as Vice President, Investor Relations. Kettnich reports to Mattel Chief Financial Officer Anthony DiSilvestro. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912401039/en/Jennifer Kettnich (Photo: Business Wire) Kettnich is responsible for leading Mattel's Investor Relations function, engaging with investors and analysts and communicating the company's value proposition, investment thesis, financial performance, and long-term strategy. DiSilvestro said: "Mattel welcomes Jenn as our new head of Investor Relations to further our engagement w
9/12/24 1:11:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary
Mattel Appoints Ken Wee as Executive Vice President and Chief Strategy Officer
Mattel, Inc. (NASDAQ:MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, announced today that Ken Wee has joined the Company as Executive Vice President and Chief Strategy Officer. Wee reports to Ynon Kreiz, Chairman and CEO of Mattel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910784205/en/Ken Wee (Photo: Business Wire) Kreiz said: "We welcome Ken to our leadership team at an exciting point in the execution of our strategy to grow Mattel's IP-driven toy business and expand our entertainment offering. Ken brings extensive experience in strategic pla
9/10/24 1:03:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary
Barbie Launches New Brand Campaign Championing Parents' Belief in Kids' Potential
Barbie and WNBA legend Sue Bird unveiled the new Barbie brand campaign and slogan "Give Limitless Possibilities" at Fever x Sky WNBA game on Friday, 8/30 Mattel Inc.'s (NASDAQ:MAT) Barbie® unveiled the latest Barbie brand campaign titled "Give Limitless Possibilities™" today, alongside 2024 Barbie Role Model and WNBA legend Sue Bird. The brand joined the WNBA's Barbie-themed game between the Indiana Fever and Chicago Sky at Wintrust Arena, recognizing the powerful role that play has in giving limitless possibilities to young girls in continued celebration of the brand's 65th anniversary. This press release features multimedia. View the full release here: https://www.businesswire.com/news
8/30/24 10:10:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary

$MAT
Financials

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Mattel Reports Third Quarter 2024 Financial Results
Third Quarter 2024 Highlights Versus Prior Year Net Sales of $1,844 million, down 4% as reported, and 3% in constant currency Gross Margin of 53.1%, an increase of 210 basis points; Adjusted Gross Margin of 53.1%, an increase of 210 basis points Operating Income of $488 million, an increase of $14 million; Adjusted Operating Income of $504 million, a decrease of $2 million Net Income of $372 million, an improvement of $226 million Earnings per Share of $1.09 compared to $0.41 per share; Adjusted Earnings per Share of $1.14 compared to $1.08 per share Adjusted EBITDA of $584 million, an improvement of $5 million Repurchased $68 million of shares, bringing nine-month total to $2
10/23/24 4:05:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary
Mattel Announces Third Quarter 2024 Financial Results and Conference Call Date
Mattel, Inc. (NASDAQ:MAT) today announced that it plans to release its third quarter 2024 financial results on Wednesday, October 23, 2024, at approximately 4:05 p.m. Eastern Time. Following this, Mattel will host a webcast conference call at 5:00 p.m. Eastern Time. The webcast and accompanying slides will be available under the Events and Presentations section of Mattel's Investor Relations website, https://investors.mattel.com. To listen to the webcast, log on to the website at least 10 minutes early to register, download and install any necessary audio software. An archive of the webcast will be available on the Company's website for 12 months following the event. Certain financial and
10/1/24 4:05:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary
Mattel Reports Second Quarter 2024 Financial Results
Second Quarter 2024 Highlights Versus Prior Year Net Sales of $1,080 million, down 1% as reported, and comparable in constant currency Gross Margin of 49.2%, an increase of 410 basis points; Adjusted Gross Margin of 49.2%, an increase of 430 basis points Operating Income of $83 million, an improvement of $20 million; Adjusted Operating Income of $96 million, an improvement of $21 million Net Income of $57 million, an improvement of $30 million Earnings per Share of $0.17 compared to $0.08 per share; Adjusted Earnings per Share of $0.19 compared to $0.10 per share Adjusted EBITDA of $171 million, an improvement of $23 million Repurchased $100 million of shares, bringing
7/23/24 4:05:00 PM ET
$MAT
Recreational Games/Products/Toys
Consumer Discretionary

Mattel Q2 2024 Adj EPS $0.19 Beats $0.17 Estimate, Sales $1.08B Miss $1.10B Estimate

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$MAT Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Mattel Inc.

SEC Form SC 13G/A filed by Mattel Inc. (Amendment)

SEC Form SC 13G/A filed by Mattel Inc. (Amendment)

$MAT Insider Trading

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SEC Form 4 filed by Chairman & CEO Kreiz Ynon

Chief Financial Officer Disilvestro Anthony converted options into 8,148 shares and covered exercise/tax liability with 3,675 shares, increasing direct ownership by 2% to 185,709 units (SEC Form 4)

SVP & Corporate Controller Hugh Yoon J. converted options into 2,910 shares and covered exercise/tax liability with 1,039 shares, increasing direct ownership by 12% to 17,067 units (SEC Form 4)

$MAT Press Releases

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Mattel to Participate in Morgan Stanley's Global Consumer & Retail Conference

Hot Wheels Crowns 2024 Global Legends Tour Winner, Soon to be Reimagined as a Hot Wheels Die-Cast Car Sold Worldwide

Mattel Reports Third Quarter 2024 Financial Results

$MAT Analyst Ratings

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Mattel downgraded by JP Morgan with a new price target

Mattel downgraded by Morgan Stanley with a new price target

Mattel downgraded by ROTH MKM with a new price target

$MAT SEC Filings

SEC Form 10-Q filed by Mattel Inc.

Mattel Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Mattel Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

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Why General Dynamics Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

AT&T, Group 1 Automotive, Mattel, Seagate And Other Big Stocks Moving Higher On Wednesday

Mattel shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Mattel Appoints Jennifer Kettnich Vice President, Investor Relations

Mattel Appoints Ken Wee as Executive Vice President and Chief Strategy Officer

Barbie Launches New Brand Campaign Championing Parents' Belief in Kids' Potential

$MAT Financials

Live finance-specific insights

Mattel Reports Third Quarter 2024 Financial Results

Mattel Announces Third Quarter 2024 Financial Results and Conference Call Date

Mattel Reports Second Quarter 2024 Financial Results

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