Analysts Expect JAKKS Pacific, Inc. (JAKK) Will Post Earnings of $0.85 Per Share
Wall Street brokerages expect JAKKS Pacific, Inc. (NASDAQ:JAKK) to post earnings of $0.85 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for JAKKS Pacific’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.70. JAKKS Pacific reported earnings of $0.82 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, October 26th.
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 year, analysts expect that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.07 to $0.35. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.45). The firm had revenue of $119.57 million for 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 period in the prior year, the company earned ($0.27) earnings per share.
Several analysts have commented on JAKK shares. Zacks Investment Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. BMO Capital Markets restated a “hold” rating and set a $6.00 target price on shares of JAKKS Pacific in a report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and set a $3.50 target price (down from $4.50) on shares of JAKKS Pacific in a report on Saturday, September 30th. ValuEngine downgraded shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $5.50 target price on shares of JAKKS Pacific in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $4.29.
In other news, CEO Stephen G. Berman bought 10,000 shares of the firm’s 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in JAKKS Pacific by 0.7% during the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock worth $8,887,000 after purchasing an additional 11,600 shares during the period. JPMorgan Chase & Co. boosted its position in JAKKS Pacific by 38.9% during the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock worth $8,820,000 after purchasing an additional 448,687 shares during the period. California Public Employees Retirement System boosted its position in JAKKS Pacific by 0.6% during the second quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after purchasing an additional 1,400 shares during the period. Bank of New York Mellon Corp boosted its position in JAKKS Pacific by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock worth $1,181,000 after purchasing an additional 3,068 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in JAKKS Pacific by 273.2% during the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after purchasing an additional 67,020 shares during the period. 55.58% of the stock is owned by hedge funds and other institutional investors.
JAKKS Pacific (NASDAQ:JAKK) traded down 1.43% on Tuesday, reaching $3.45. 393,339 shares of the company traded hands. JAKKS Pacific has a 12 month low of $2.67 and a 12 month high of $7.45. The company has a 50-day moving average price of $3.12 and a 200-day moving average price of $3.86. The company’s market capitalization is $78.56 million.
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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