$0.92 EPS Expected for JAKKS Pacific, Inc. (JAKK) This Quarter
Analysts expect that JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce earnings of $0.92 per share for the current quarter, according to Zacks. Three analysts have provided estimates for JAKKS Pacific’s earnings. The highest EPS estimate is $0.98 and the lowest is $0.86. JAKKS Pacific posted earnings per share of $0.82 during the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The firm is scheduled to report its next earnings results on Thursday, October 19th.
According to Zacks, analysts expect that JAKKS Pacific will report full-year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.44. For the next fiscal year, analysts expect that the business will post earnings of $0.33 per share, with EPS estimates ranging from $0.30 to $0.34. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.45). JAKKS Pacific had a negative return on equity of 7.07% and a negative net margin of 1.76%. The business had revenue of $119.57 million during the quarter, compared to analysts’ expectations of $134.02 million. During the same period in the previous year, the business earned ($0.27) EPS. The business’s revenue was down 15.2% compared to the same quarter last year.
Several equities analysts have commented on JAKK shares. BMO Capital Markets set a $4.00 price objective on JAKKS Pacific and gave the company a “hold” rating in a research report on Wednesday, July 26th. ValuEngine downgraded JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. DA Davidson reaffirmed a “neutral” rating and issued a $5.00 price objective on shares of JAKKS Pacific in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC started coverage on JAKKS Pacific in a research report on Thursday, June 8th. They issued a “hold” rating and a $4.50 price objective on the stock. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. JAKKS Pacific presently has a consensus rating of “Hold” and an average target price of $5.46.
Shares of JAKKS Pacific (NASDAQ:JAKK) opened at 3.05 on Friday. JAKKS Pacific has a 52 week low of $2.95 and a 52 week high of $9.15. The company has a 50-day moving average price of $3.32 and a 200-day moving average price of $4.30. The stock’s market cap is $69.45 million.
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In other news, CEO Stephen G. Berman bought 10,000 shares of the stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of $3.40 per share, for a total transaction of $34,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Hancock Holding Co. lifted its holdings in shares of JAKKS Pacific by 62.7% in the 1st 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. Lazard Asset Management LLC purchased a new stake in shares of JAKKS Pacific in the 1st quarter worth $271,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of JAKKS Pacific in the 2nd quarter worth $318,000. JPMorgan Chase & Co. lifted its holdings in shares of JAKKS Pacific by 38.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock worth $8,820,000 after buying an additional 448,687 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of JAKKS Pacific by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock worth $1,181,000 after buying an additional 3,068 shares during the period. Institutional investors and hedge funds own 56.04% 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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