JAKKS Pacific, Inc. Forecasted to Earn Q2 2017 Earnings of ($0.19) Per Share (JAKK)
JAKKS Pacific, Inc. (NASDAQ:JAKK) – Investment analysts at DA Davidson issued their Q2 2017 earnings per share estimates for JAKKS Pacific in a report released on Tuesday. DA Davidson analyst L. Weiser expects that the company will post earnings of ($0.19) per share for the quarter. DA Davidson has a “Neutral” rating and a $5.00 price target on the stock. DA Davidson also issued estimates for JAKKS Pacific’s Q3 2017 earnings at $0.88 EPS, Q4 2017 earnings at ($0.16) EPS, FY2017 earnings at $0.35 EPS and FY2018 earnings at $0.45 EPS.
A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of JAKKS Pacific from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $5.00 target price on shares of JAKKS Pacific in a research note on Friday, February 24th. Seven equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $6.25.
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JAKKS Pacific (NASDAQ:JAKK) opened at 4.20 on Friday. The company has a market cap of $79.79 million, a PE ratio of 262.50 and a beta of 0.69. JAKKS Pacific has a 12-month low of $4.18 and a 12-month high of $9.75. The firm has a 50 day moving average price of $4.85 and a 200 day moving average price of $5.54.
JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Tuesday, April 25th. The company reported ($1.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.97) by $0.04. The firm had revenue of $94.50 million for the quarter, compared to the consensus estimate of $87.68 million. JAKKS Pacific had a negative return on equity of 0.37% and a negative net margin of 0.07%. JAKKS Pacific’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.01) EPS.
Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock valued at $8,820,000 after buying an additional 448,687 shares during the period. Daiwa Securities Group Inc. increased its position in JAKKS Pacific by 108.4% in the first quarter. Daiwa Securities Group Inc. now owns 650,000 shares of the company’s stock valued at $3,575,000 after buying an additional 338,129 shares during the period. Oasis Management Co Ltd. increased its position in JAKKS Pacific by 17.2% in the fourth quarter. Oasis Management Co Ltd. now owns 1,395,834 shares of the company’s stock valued at $7,189,000 after buying an additional 204,681 shares during the period. Alambic Investment Management L.P. increased its position in JAKKS Pacific by 151.4% in the first quarter. Alambic Investment Management L.P. now owns 91,268 shares of the company’s stock valued at $502,000 after buying an additional 54,968 shares during the period. Finally, Whitebox Advisors LLC acquired a new position in JAKKS Pacific during the first quarter valued at approximately $279,000.
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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