JAKKS Pacific, Inc. (JAKK) to Post FY2017 Earnings of $0.44 Per Share, Jefferies Group Forecasts
JAKKS Pacific, Inc. (NASDAQ:JAKK) – Research analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of JAKKS Pacific in a research note issued to investors on Tuesday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings of $0.44 per share for the year, up from their prior estimate of $0.35. Jefferies Group currently has a “Hold” rating and a $4.50 target price on the stock. Jefferies Group also issued estimates for JAKKS Pacific’s Q4 2017 earnings at $0.10 EPS, Q1 2018 earnings at ($0.62) EPS, Q2 2018 earnings at ($0.20) EPS and Q4 2018 earnings at ($0.20) EPS.
JAKK has been the subject of a number of other reports. TheStreet downgraded shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a research report on Tuesday. DA Davidson restated a “neutral” rating and set a $3.75 target price (down from $5.00) on shares of JAKKS Pacific in a research report on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating and set a $5.50 target price on shares of JAKKS Pacific in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Finally, BMO Capital Markets set a $4.00 target price on shares of JAKKS Pacific and gave the company a “hold” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $5.46.
Shares of JAKKS Pacific (JAKK) opened at 3.50 on Thursday. The stock has a 50 day moving average price of $3.91 and a 200 day moving average price of $4.80. The stock has a market capitalization of $66.49 million, a price-to-earnings ratio of 218.75 and a beta of 0.81. JAKKS Pacific has a 1-year low of $3.35 and a 1-year high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing the 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 negative return on equity of 7.07% and a negative net margin of 1.76%. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of the company. KCG Holdings Inc. increased 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 last quarter. Goldman Sachs Group Inc. increased 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 last quarter. Tudor Investment Corp ET AL increased 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 last quarter. Stifel Financial Corp increased 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 worth $155,000 after buying an additional 800 shares during the last quarter. Finally, Hancock Holding Co. increased its stake in JAKKS Pacific by 62.7% in the first quarter. Hancock Holding Co. now owns 31,345 shares of the company’s stock worth $172,000 after buying an additional 12,085 shares during the last quarter. Institutional investors and hedge funds 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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