For its second fiscal quarter (ending June 30), Mattel Inc. (NASDAQ: MAT) has reported a 112% increase in E.P.S. from $0.08 a year ago to $0.17 in the current quarter. However, this performance was $-0.01 short of the consensus estimate of $0.18. For the latest four quarters through June 30, E.P.S. were $0.91 versus $0.65 for the same period a year ago — an increase of 40%.
Recent Price Action
Mattel Inc. (NASDAQ: MAT) stock suffered a large decline of -7.7% on 7/23/24. The stock closed at $17.24. Moreover, exceptionally high trading volume at 230% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 3.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MAT is expected to continue to be a major Value Builder.
Mattel has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Mattel has a poor Appreciation Score of 27 and a poor Power Rating of 25, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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