-$0.24 Earnings Per Share Expected for JAKKS Pacific, Inc. (JAKK) This Quarter
Wall Street brokerages forecast that JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce earnings per share (EPS) of ($0.24) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for JAKKS Pacific’s earnings. The lowest EPS estimate is ($0.29) and the highest is ($0.19). JAKKS Pacific posted earnings of ($0.27) per share during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is expected to report its next earnings results before the market opens on Tuesday, July 25th.
According to Zacks, analysts expect that JAKKS Pacific will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.35. For the next financial year, analysts anticipate that the firm will report earnings of $0.38 per share, with EPS estimates ranging from $0.26 to $0.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Tuesday, April 25th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.97) by $0.04. JAKKS Pacific had a net margin of 0.05% and a return on equity of 0.26%. The company had revenue of $94.50 million during the quarter, compared to analyst estimates of $87.68 million. During the same quarter in the prior year, the company posted ($1.01) earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis.
JAKK has been the topic of a number of recent research reports. BMO Capital Markets restated a “hold” rating and set a $6.00 price target on shares of JAKKS Pacific in a report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $5.50 price target on shares of JAKKS Pacific in a report on Monday, July 10th. Jefferies Group LLC initiated coverage on shares of JAKKS Pacific in a report on Thursday, June 8th. They set a “hold” rating and a $4.50 price target on the stock. Zacks Investment Research upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Finally, DA Davidson restated a “neutral” rating and set a $5.00 price target on shares of JAKKS Pacific in a report on Saturday. Eight investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $5.93.
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Shares of JAKKS Pacific (NASDAQ JAKK) opened at 3.7945 on Monday. The firm has a market capitalization of $72.09 million, a P/E ratio of 237.1562 and a beta of 0.81. JAKKS Pacific has a one year low of $3.73 and a one year high of $9.75. The company has a 50-day moving average price of $3.99 and a 200 day moving average price of $4.84.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of 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 shares of 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. Alambic Investment Management L.P. increased its position in shares of 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. Whitebox Advisors LLC purchased a new position in shares of JAKKS Pacific during the first quarter valued at approximately $279,000. Finally, Staley Capital Advisers Inc. increased its position in shares of JAKKS Pacific by 4.9% in the first quarter. Staley Capital Advisers Inc. now owns 1,068,100 shares of the company’s stock valued at $5,875,000 after buying an additional 50,000 shares during the period. Hedge funds and other institutional investors own 67.14% of the company’s stock.
About JAKKS Pacific
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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