JAKKS Pacific, Inc. (NASDAQ:JAKK) to Post Q2 2024 Earnings of $0.72 Per Share, Zacks Research Forecasts

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Zacks Research increased their Q2 2024 EPS estimates for shares of JAKKS Pacific in a note issued to investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now expects that the company will earn $0.72 per share for the quarter, up from their prior estimate of $0.70. The consensus estimate for JAKKS Pacific’s current full-year earnings is $3.73 per share.

A number of other brokerages have also commented on JAKK. TheStreet lowered shares of JAKKS Pacific from a “b” rating to a “c+” rating in a research note on Friday, March 1st. Ascendiant Capital Markets decreased their price target on shares of JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 1st.

JAKKS Pacific Stock Performance

Shares of JAKK opened at $22.15 on Wednesday. JAKKS Pacific has a 52 week low of $15.30 and a 52 week high of $36.84. The firm has a market cap of $239.22 million, a P/E ratio of 6.50 and a beta of 2.34. The firm’s 50-day simple moving average is $26.96 and its 200 day simple moving average is $27.71.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Thursday, February 29th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.47). The firm had revenue of $127.40 million during the quarter, compared to the consensus estimate of $136.54 million. JAKKS Pacific had a net margin of 5.24% and a return on equity of 24.69%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc grew its position in shares of JAKKS Pacific by 32.2% during the 4th quarter. Legal & General Group Plc now owns 1,450 shares of the company’s stock worth $52,000 after purchasing an additional 353 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of JAKKS Pacific by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 23,278 shares of the company’s stock worth $450,000 after purchasing an additional 765 shares in the last quarter. Royal Bank of Canada grew its position in shares of JAKKS Pacific by 12.8% during the 4th quarter. Royal Bank of Canada now owns 7,551 shares of the company’s stock worth $269,000 after purchasing an additional 858 shares in the last quarter. Rhumbline Advisers grew its position in shares of JAKKS Pacific by 10.2% during the 3rd quarter. Rhumbline Advisers now owns 9,482 shares of the company’s stock worth $176,000 after purchasing an additional 878 shares in the last quarter. Finally, Simplicity Solutions LLC grew its position in shares of JAKKS Pacific by 5.4% during the 3rd quarter. Simplicity Solutions LLC now owns 19,213 shares of the company’s stock worth $357,000 after purchasing an additional 991 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.