Equities analysts expect JAKKS Pacific, Inc. (NASDAQ:JAKK) to announce earnings per share (EPS) of ($0.23) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for JAKKS Pacific’s earnings, with the highest EPS estimate coming in at ($0.18) and the lowest estimate coming in at ($0.27). JAKKS Pacific posted earnings per share of ($0.47) in the same quarter last year, which suggests a positive year over year growth rate of 51.1%. The firm is expected to issue its next earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that JAKKS Pacific will report full-year earnings of ($0.24) per share for the current fiscal year. For the next year, analysts expect that the business will report earnings of $0.10 per share, with EPS estimates ranging from ($0.09) to $0.31. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for JAKKS Pacific.
Several analysts have issued reports on JAKK shares. BMO Capital Markets restated a “hold” rating and set a $3.50 price objective on shares of JAKKS Pacific in a research note on Monday, November 27th. Stifel Nicolaus cut their price objective on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating on the stock in a research note on Monday, October 30th. DA Davidson upgraded JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut JAKKS Pacific from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. JAKKS Pacific currently has an average rating of “Hold” and an average target price of $3.51.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. raised its stake in JAKKS Pacific by 59.2% during the third quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock valued at $2,703,000 after buying an additional 333,070 shares in the last quarter. Walthausen & Co. LLC raised its stake in JAKKS Pacific by 668.6% during the third quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock valued at $2,323,000 after buying an additional 673,560 shares in the last quarter. California Public Employees Retirement System raised its position in shares of JAKKS Pacific by 0.6% during the 2nd 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. Goldman Sachs Group Inc. raised its position in shares of JAKKS Pacific by 273.2% during the 2nd 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. Finally, Wells Fargo & Company MN raised its position in shares of JAKKS Pacific by 41.3% during the 4th quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock worth $172,000 after purchasing an additional 21,463 shares during the period. Hedge funds and other institutional investors own 56.20% of the company’s stock.
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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