JAKKS Pacific (JAKK) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS
JAKKS Pacific (NASDAQ:JAKK) posted its quarterly earnings results on Wednesday. The company reported ($0.73) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.83) by $0.10, Analyst Ratings.Net reports. The company had revenue of $137.70 million for the quarter, compared to the consensus estimate of $128.22 million.
JAKK has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Monday. Analysts at Zacks upgraded shares of JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research note on Friday, January 17th. They now have a $6.75 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. JAKKS Pacific has a consensus rating of “Hold” and an average price target of $8.06.
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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