JAKKS Pacific, Inc. (JAKK) Scheduled to Post Earnings on Wednesday
JAKKS Pacific, Inc. (NASDAQ:JAKK) will post its quarterly earnings results before the market opens on Wednesday, October 18th. Analysts expect JAKKS Pacific to post earnings of $0.86 per share for the quarter.
JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.45). The firm had revenue of $119.57 million during the quarter, compared to analyst estimates of $134.02 million. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The firm’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period last year, the business posted ($0.27) earnings per share. On average, analysts expect JAKKS Pacific to post $0.09 EPS for the current fiscal year and $0.30 EPS for the next fiscal year.
Shares of JAKKS Pacific, Inc. (NASDAQ JAKK) opened at 3.20 on Wednesday. The stock has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.99. The firm’s market capitalization is $72.87 million. JAKKS Pacific, Inc. has a 1-year low of $2.67 and a 1-year high of $8.50.
In related news, CEO Stephen G. Berman bought 10,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $3.40 per share, with a total value of $34,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is owned by company insiders.
Several research analysts recently issued reports on the company. Zacks Investment Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $3.50 target price (down from $4.50) on shares of JAKKS Pacific in a research report on Saturday, September 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $3.50 target price on shares of JAKKS Pacific in a research report on Friday, October 6th. DA Davidson lowered JAKKS Pacific from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $3.75 to $2.25 in a research report on Thursday, September 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $5.50 target price on shares of JAKKS Pacific in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. JAKKS Pacific currently has a consensus rating of “Hold” and a consensus target price of $4.29.
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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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