FY2017 EPS Estimates for JAKKS Pacific, Inc. Lowered by Analyst (JAKK)
JAKKS Pacific, Inc. (NASDAQ:JAKK) – Equities researchers at DA Davidson reduced their FY2017 earnings estimates for JAKKS Pacific in a research report issued on Monday. DA Davidson analyst L. Weiser now expects that the company will earn ($0.24) per share for the year, down from their previous estimate of ($0.01). DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for JAKKS Pacific’s Q4 2017 earnings at ($0.27) EPS, Q1 2018 earnings at ($0.54) EPS, Q2 2018 earnings at ($0.48) EPS, Q3 2018 earnings at $1.09 EPS, FY2018 earnings at ($0.09) EPS and FY2019 earnings at $0.04 EPS.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.32). The business had revenue of $262.40 million during the quarter, compared to analyst estimates of $294.59 million. JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share.
Several other equities analysts have also recently issued reports on JAKK. ValuEngine cut shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. TheStreet cut shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. BMO Capital Markets set a $4.00 price objective on shares of JAKKS Pacific and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $5.50 price objective on shares of JAKKS Pacific in a research note on Monday, July 10th. Finally, Zacks Investment Research cut shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $3.93.
Shares of JAKKS Pacific (NASDAQ JAKK) opened at 2.75 on Wednesday. The firm’s market capitalization is $62.62 million. JAKKS Pacific has a 52-week low of $2.67 and a 52-week high of $7.45. The stock has a 50 day moving average of $3.12 and a 200 day moving average of $3.78.
In other news, CEO Stephen G. Berman bought 10,000 shares of the company’s stock in a transaction dated 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 have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan purchased a new position in shares of JAKKS Pacific in the second quarter worth approximately $318,000. Tudor Investment Corp ET AL increased its position 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 acquiring an additional 3,664 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 worth $1,181,000 after acquiring an additional 3,068 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock worth $8,887,000 after acquiring an additional 11,600 shares in the last quarter. Finally, KCG Holdings Inc. increased 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 acquiring an additional 7,023 shares in the last quarter. 55.59% of the stock is currently owned by institutional investors and hedge funds.
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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