JAKKS Pacific, Inc. (NASDAQ:JAKK) to Post Q3 2017 Earnings of $0.93 Per Share, Jefferies Group Forecasts
JAKKS Pacific, Inc. (NASDAQ:JAKK) – Equities research analysts at Jefferies Group raised their Q3 2017 earnings estimates for shares of JAKKS Pacific in a research note issued on Tuesday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings of $0.93 per share for the quarter, up from their previous estimate of $0.90. Jefferies Group has a “Hold” rating and a $4.50 price objective on the stock. Jefferies Group also issued estimates for JAKKS Pacific’s Q3 2018 earnings at $0.82 EPS and FY2018 earnings at $0.34 EPS.
A number of other research analysts have also commented on the company. DA Davidson reissued a “neutral” rating and set a $5.00 price objective on shares of JAKKS Pacific in a report on Saturday. BMO Capital Markets reissued a “hold” rating and set a $6.00 price objective on shares of JAKKS Pacific in a report on Thursday, July 13th. Stifel Nicolaus reissued a “hold” rating and set a $5.50 price objective on shares of JAKKS Pacific in a report on Monday, July 10th. Finally, Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $5.93.
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JAKKS Pacific (JAKK) opened at 3.45 on Wednesday. The firm has a 50-day moving average price of $3.95 and a 200-day moving average price of $4.82. The stock has a market cap of $65.54 million, a PE ratio of 215.62 and a beta of 0.81. JAKKS Pacific has a 12-month low of $3.30 and a 12-month high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.45. The company had revenue of $119.57 million during the quarter, compared to analysts’ expectations of $134.02 million. JAKKS Pacific had a return on equity of 0.26% and a net margin of 0.05%. The firm’s revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.27) EPS.
Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock worth $135,000 after buying an additional 117 shares during the period. Tudor Investment Corp ET AL raised its stake in JAKKS Pacific by 16.5% in the first quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock worth $142,000 after buying an additional 3,664 shares during the period. Whitebox Advisors LLC acquired a new stake in JAKKS Pacific during the first quarter worth about $279,000. KCG Holdings Inc. raised its stake in JAKKS Pacific by 48.9% in the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock worth $118,000 after buying an additional 7,023 shares during the period. Finally, Renaissance Technologies LLC raised its stake in JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock worth $8,887,000 after buying an additional 11,600 shares during the period. 67.14% of the stock is currently owned by hedge funds and other institutional investors.
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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