JAKKS Pacific Trading Up 4% on Strong Earnings (JAKK)
JAKKS Pacific (NASDAQ:JAKK)’s share price was up 4% during mid-day trading on Thursday following a better than expected earnings announcement, American Banking News reports. The stock traded as high as $8.85 and last traded at $8.64, with a volume of 195,729 shares traded. The stock had previously closed at $8.31.
The company reported ($0.74) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.76) by $0.02. The company had revenue of $82.50 million for the quarter, compared to the consensus estimate of $76.13 million. During the same quarter last year, the company posted ($1.23) earnings per share. JAKKS Pacific’s revenue was up 5.6% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of JAKKS Pacific in a research note on Thursday. They now have a $8.75 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of JAKKS Pacific from $8.25 to $11.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of JAKKS Pacific from a “market perform” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $10.00 price target on the stock, up previously from $8.00. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. JAKKS Pacific has a consensus rating of “Buy” and an average price target of $9.94.
The stock’s 50-day moving average is $7.54 and its 200-day moving average is $6.5. The company’s market cap is $196.2 million.
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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