JAKKS Pacific Inc. (JAKK) Issues FY13 Earnings Guidance
JAKKS Pacific Inc. (NASDAQ:JAKK) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided EPS guidance of ($2.56) for the period, compared to the Thomson Reuters consensus EPS estimate of ($2.63), AnalystRatingsNetwork.com reports. The company issued revenue guidance of $620.0 million, compared to the consensus revenue estimate of $612.33 million.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of JAKKS Pacific from a hold rating to a sell rating in a research note to investors on Monday. On a related note, analysts at B. Riley initiated coverage on shares of JAKKS Pacific in a research note to investors on Friday, October 18th. They set a neutral rating on the stock. Finally, analysts at B. Riley initiated coverage on shares of JAKKS Pacific in a research note to investors on Friday, October 18th. They set a neutral rating and a $0.76 price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $9.38.
Shares of JAKKS Pacific Inc. (NASDAQ:JAKK) opened at 4.95 on Wednesday. JAKKS Pacific Inc. has a 1-year low of $5.00 and a 1-year high of $16.44. The stock has a 50-day moving average of $5.37 and a 200-day moving average of $9.09. The company’s market cap is $108.5 million.
JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.05. The company had revenue of $310.90 million for the quarter, compared to the consensus estimate of $297.88 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that JAKKS Pacific Inc. will post $-2.74 EPS for the current fiscal year.
JAKKS Pacific, Inc (NASDAQ:JAKK) is a multi-line, multi-brand toy company that designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products.
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