JAKKS Pacific (JAKK) Set to Announce Earnings on Wednesday

JAKKS Pacific (NASDAQ:JAKK) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect JAKKS Pacific to post earnings of ($0.32) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

JAKKS Pacific (NASDAQ:JAKK) last posted 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). JAKKS Pacific had a net margin of 5.24% and a return on equity of 24.69%. The company had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $136.54 million. On average, analysts expect JAKKS Pacific to post $4 EPS for the current fiscal year and $2 EPS for the next fiscal year.

JAKKS Pacific Stock Performance

JAKK stock opened at $22.42 on Wednesday. JAKKS Pacific has a 1 year low of $15.30 and a 1 year high of $36.84. The stock’s 50 day moving average price is $27.15 and its 200 day moving average price is $27.75. The firm has a market cap of $242.14 million, a P/E ratio of 6.57 and a beta of 2.34.

Institutional Investors Weigh In On JAKKS Pacific

Several hedge funds and other institutional investors have recently modified their holdings of JAKK. Tower Research Capital LLC TRC increased its position in shares of JAKKS Pacific by 4,676.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,433 shares of the company’s stock worth $25,000 after purchasing an additional 1,403 shares during the last quarter. UBS Group AG grew its position in shares of JAKKS Pacific by 357.8% during the 4th quarter. UBS Group AG now owns 1,401 shares of the company’s stock valued at $25,000 after buying an additional 1,095 shares during the last quarter. California State Teachers Retirement System bought a new stake in shares of JAKKS Pacific during the 2nd quarter valued at about $48,000. 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 valued at $52,000 after buying an additional 353 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of JAKKS Pacific during the 3rd quarter valued at about $58,000. Institutional investors own 44.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on JAKK. TheStreet cut shares of JAKKS Pacific from a “b” rating to a “c+” rating in a research note on Friday, March 1st. Ascendiant Capital Markets lowered their price objective on shares of JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, April 1st.

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.