JAKKS Pacific, Inc. (NASDAQ:JAKK) Posts Earnings Results, Misses Estimates By $0.45 EPS
JAKKS Pacific, Inc. (NASDAQ:JAKK) issued its quarterly earnings data on Tuesday. The company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.45, MarketWatch Earnings reports. JAKKS Pacific had a net margin of 0.05% and a return on equity of 0.26%. The company had revenue of $119.57 million during the quarter, compared to the consensus estimate of $134.02 million. During the same period in the previous year, the business posted ($0.27) earnings per share. The firm’s revenue was down 15.2% on a year-over-year basis.
Shares of JAKKS Pacific (NASDAQ:JAKK) opened at 3.55 on Tuesday. The firm has a 50-day moving average price of $3.95 and a 200-day moving average price of $4.82. The firm has a market cap of $67.44 million, a price-to-earnings ratio of 221.87 and a beta of 0.81. JAKKS Pacific has a 12-month low of $3.40 and a 12-month high of $9.75.
A number of brokerages recently weighed in on JAKK. BMO Capital Markets reissued a “hold” rating and issued a $6.00 price objective on shares of JAKKS Pacific in a research note on Thursday, July 13th. DA Davidson reissued a “neutral” rating and issued a $5.00 price objective on shares of JAKKS Pacific in a research note on Saturday. Stifel Nicolaus reissued a “hold” rating and issued a $5.50 price objective on shares of JAKKS Pacific in a research note on Monday, July 10th. Jefferies Group LLC started coverage on JAKKS Pacific in a research note on Thursday, June 8th. They issued a “hold” rating and a $4.50 price objective on the stock. Finally, Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $5.93.
Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in JAKKS Pacific during the first quarter valued at about $271,000. California Public Employees Retirement System raised its stake in JAKKS Pacific by 22.7% in the first quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock valued at $1,196,000 after buying an additional 40,300 shares in the last quarter. Stifel Financial Corp raised its stake in JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock valued at $155,000 after buying an additional 800 shares in the last quarter. KBC Group NV raised its stake in JAKKS Pacific by 92.1% in the first quarter. KBC Group NV now owns 59,895 shares of the company’s stock valued at $329,000 after buying an additional 28,719 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 67.14% of the company’s stock.
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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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