Jakks Pacific Inc. (JAKK) to Release Quarterly Earnings on Thursday
Jakks Pacific Inc. (NASDAQ:JAKK) is set to release its Q316 earnings data on Thursday, October 20th. Analysts expect Jakks Pacific to post earnings of $1.21 per share and revenue of $124.06 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.04. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The company had revenue of $141 million for the quarter, compared to analysts’ expectations of $134.80 million. During the same quarter in the previous year, the business posted ($0.30) earnings per share. Jakks Pacific’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts expect Jakks Pacific to post $0.78 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.25 on Wednesday. The company has a 50-day moving average of $8.65 and a 200 day moving average of $8.25. The company has a market cap of $133.25 million, a PE ratio of 15.74 and a beta of 0.55. Jakks Pacific Inc. has a 12 month low of $6.17 and a 12 month high of $9.75.
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In other news, major shareholder Patrick Soon-Shiong sold 133,619 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $8.82, for a total transaction of $1,178,519.58. Following the transaction, the insider now owns 239,622 shares in the company, valued at approximately $2,113,466.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC acquired a new position in shares of Jakks Pacific during the second quarter worth about $162,000. AQR Capital Management LLC raised its position in shares of Jakks Pacific by 30.0% in the second quarter. AQR Capital Management LLC now owns 129,541 shares of the company’s stock worth $1,024,000 after buying an additional 29,915 shares during the period. Eagle Global Advisors LLC raised its position in shares of Jakks Pacific by 7.5% in the second quarter. Eagle Global Advisors LLC now owns 26,740 shares of the company’s stock worth $212,000 after buying an additional 1,870 shares during the period. Menta Capital LLC raised its position in shares of Jakks Pacific by 78.7% in the second quarter. Menta Capital LLC now owns 111,180 shares of the company’s stock worth $879,000 after buying an additional 48,977 shares during the period. Finally, Spark Investment Management LLC raised its position in shares of Jakks Pacific by 73.4% in the second quarter. Spark Investment Management LLC now owns 107,500 shares of the company’s stock worth $850,000 after buying an additional 45,500 shares during the period.
Several equities research analysts have commented on the company. B. Riley restated a “neutral” rating and issued a $10.00 price objective on shares of Jakks Pacific in a research report on Saturday, October 8th. Zacks Investment Research lowered Jakks Pacific from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $11.58.
Jakks Pacific Company Profile
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company 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. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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