JAKKS Pacific, Inc. (JAKK) Expected to Post Earnings of $0.87 Per Share
Wall Street analysts predict that JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce earnings per share (EPS) of $0.87 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for JAKKS Pacific’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.98. JAKKS Pacific reported earnings of $0.82 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that JAKKS Pacific will report full year earnings of $0.11 per share for the current year, with EPS estimates ranging from ($0.01) to $0.20. For the next financial year, analysts expect that the firm will post earnings of $0.26 per share, with EPS estimates ranging from $0.07 to $0.35. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.45). JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The firm had revenue of $119.57 million during the quarter, compared to the consensus estimate of $134.02 million. During the same period in the prior year, the business earned ($0.27) earnings per share. JAKKS Pacific’s quarterly revenue was down 15.2% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on the stock. Jefferies Group LLC assumed coverage on shares of JAKKS Pacific in a report on Thursday, June 8th. They issued a “hold” rating and a $4.50 price target on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $5.50 price target on shares of JAKKS Pacific in a report on Monday, July 10th. BMO Capital Markets reissued a “hold” rating and issued a $6.00 price target on shares of JAKKS Pacific in a report on Thursday, July 13th. DA Davidson reissued a “neutral” rating and issued a $3.75 price target (down from $5.00) on shares of JAKKS Pacific in a report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $4.38.
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In related news, CEO Stephen G. Berman bought 10,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new stake in JAKKS Pacific in the first quarter valued at approximately $271,000. Municipal Employees Retirement System of Michigan purchased a new stake in JAKKS Pacific in the second quarter valued at approximately $318,000. 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 purchasing an additional 448,687 shares in the last quarter. Bank of New York Mellon Corp raised its stake in JAKKS Pacific by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock valued at $1,181,000 after purchasing an additional 3,068 shares in the last quarter. Finally, 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 valued at $142,000 after purchasing an additional 3,664 shares in the last quarter. 56.04% of the stock is currently owned by institutional investors and hedge funds.
JAKKS Pacific (NASDAQ:JAKK) traded up 0.83% during trading on Thursday, reaching $3.05. 121,538 shares of the company’s stock traded hands. JAKKS Pacific has a 52-week low of $2.67 and a 52-week high of $8.50. The stock’s market cap is $69.45 million. The company’s 50 day moving average is $3.17 and its 200-day moving average is $4.07.
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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