JAKKS Pacific, Inc. to Post Q3 2017 Earnings of $0.86 Per Share, DA Davidson Forecasts (NASDAQ:JAKK)
JAKKS Pacific, Inc. (NASDAQ:JAKK) – Investment analysts at DA Davidson lowered their Q3 2017 earnings estimates for JAKKS Pacific in a research note issued on Wednesday. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of $0.86 for the quarter, down from their prior estimate of $0.88. DA Davidson has a “Neutral” rating and a $3.75 price objective on the stock. DA Davidson also issued estimates for JAKKS Pacific’s FY2017 earnings at $0.23 EPS and FY2018 earnings at $0.34 EPS.
JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.45. The company had revenue of $119.57 million during the quarter, compared to the consensus estimate of $134.02 million. JAKKS Pacific had a negative return on equity of 7.07% and a negative net margin of 1.76%. JAKKS Pacific’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) EPS.
Several other equities analysts have also recently commented on the stock. Stifel Nicolaus upped 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 upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Jefferies Group LLC initiated coverage on shares of JAKKS Pacific in a research note on Thursday, June 8th. They set a “hold” rating and a $4.50 target price for the company. BMO Capital Markets reiterated a “hold” rating and set a $6.00 target price on shares of JAKKS Pacific in a research note on Thursday, July 13th. Finally, TheStreet cut shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $5.46.
JAKKS Pacific (NASDAQ:JAKK) traded down 1.45% during midday trading on Friday, hitting $3.40. 18,007 shares of the stock traded hands. JAKKS Pacific has a 1-year low of $3.40 and a 1-year high of $9.75. The company has a 50-day moving average of $3.90 and a 200-day moving average of $4.79. The stock has a market cap of $64.59 million, a PE ratio of 212.50 and a beta of 0.81.
Institutional investors have recently made changes to their positions in the stock. KCG Holdings Inc. boosted its position in shares of 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 boosted its stake in shares of 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. Stifel Financial Corp boosted its stake in shares of 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 period. Finally, Hancock Holding Co. boosted its stake in shares of 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 period. 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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