Zacks: Analysts Anticipate JAKKS Pacific, Inc. (JAKK) to Post -$0.23 Earnings Per Share

Analysts expect JAKKS Pacific, Inc. (NASDAQ:JAKK) to announce ($0.23) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for JAKKS Pacific’s earnings, with estimates ranging from ($0.27) to ($0.18). JAKKS Pacific reported earnings of ($0.47) per share during the same quarter last year, which would indicate a positive year over year growth rate of 51.1%. The firm is expected to issue its next earnings results on Thursday, February 22nd.

On average, analysts expect that JAKKS Pacific will report full-year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.24) to $0.15. For the next fiscal year, analysts forecast that the company will post earnings of $0.15 per share, with EPS estimates ranging from ($0.09) to $0.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow JAKKS Pacific.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.32). The business had revenue of $262.40 million for the quarter, compared to the consensus estimate of $294.59 million. JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 EPS.

A number of research analysts have commented on JAKK shares. ValuEngine cut shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. DA Davidson cut shares of JAKKS Pacific from a “neutral” rating to an “underperform” rating and cut their target price for the company from $3.75 to $2.25 in a research note on Thursday, September 21st. Jefferies Group reiterated a “hold” rating and issued a $3.50 target price (down previously from $4.50) on shares of JAKKS Pacific in a research note on Saturday, September 30th. BMO Capital Markets reiterated a “hold” rating and issued a $3.50 target price on shares of JAKKS Pacific in a research note on Friday, October 6th. Finally, Stifel Nicolaus cut their target price on shares of JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. JAKKS Pacific has an average rating of “Hold” and a consensus price target of $3.51.

Shares of JAKKS Pacific (JAKK) traded up $0.10 on Wednesday, reaching $2.50. 179,600 shares of the company’s stock were exchanged, compared to its average volume of 266,236. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.96 and a quick ratio of 1.54. JAKKS Pacific has a 1 year low of $2.33 and a 1 year high of $5.85.

Several institutional investors have recently modified their holdings of the stock. Walthausen & Co. LLC increased its holdings in shares of JAKKS Pacific by 668.6% in the third quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock valued at $2,323,000 after purchasing an additional 673,560 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of JAKKS Pacific by 20,020.5% in the third quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock valued at $155,000 after purchasing an additional 51,653 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of JAKKS Pacific by 59.2% in the third quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock valued at $2,703,000 after purchasing an additional 333,070 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after purchasing an additional 67,020 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of JAKKS Pacific by 12.7% in the second quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock valued at $129,000 after purchasing an additional 3,604 shares in the last quarter. 56.78% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/20/zacks-analysts-anticipate-jakks-pacific-inc-jakk-to-post-0-23-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on JAKKS Pacific (JAKK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for JAKKS Pacific (NASDAQ:JAKK)

Receive News & Ratings for JAKKS Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JAKKS Pacific and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply