JAKKS Pacific, Inc. to Post Q3 2017 Earnings of $0.86 Per Share, DA Davidson Forecasts (JAKK)
JAKKS Pacific, Inc. (NASDAQ:JAKK) – DA Davidson lowered their Q3 2017 earnings estimates for shares of JAKKS Pacific in a report issued on Wednesday. DA Davidson analyst L. Weiser now anticipates that the company will earn $0.86 per share for the quarter, down from their prior forecast of $0.88. DA Davidson has a “Neutral” rating and a $3.75 price objective on the stock. DA Davidson also issued estimates for JAKKS Pacific’s FY2017 earnings at $0.23 EPS and FY2018 earnings at $0.34 EPS.
A number of other analysts have also recently commented on JAKK. Stifel Nicolaus lifted their price target on JAKKS Pacific from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Jefferies Group LLC started coverage on JAKKS Pacific in a research report on Thursday, June 8th. They set a “hold” rating and a $4.50 price target for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $6.00 price target on shares of JAKKS Pacific in a research report on Thursday, July 13th. Finally, TheStreet cut JAKKS Pacific from a “c-” rating to a “d+” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.46.
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JAKKS Pacific (NASDAQ:JAKK) traded down 0.725% on Friday, reaching $3.425. The company’s stock had a trading volume of 18,107 shares. The company has a market capitalization of $65.07 million, a price-to-earnings ratio of 214.062 and a beta of 0.81. JAKKS Pacific has a 1-year low of $3.40 and a 1-year high of $9.75. The firm’s 50 day moving average price is $3.90 and its 200-day moving average price is $4.79.
JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.45. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The firm had revenue of $119.57 million during the quarter, compared to the consensus estimate of $134.02 million. During the same period in the prior year, the company posted ($0.27) EPS. The firm’s revenue was down 15.2% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. boosted its position in 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 buying an additional 7,023 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock worth $135,000 after buying an additional 117 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in 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 buying an additional 3,664 shares during the last quarter. Stifel Financial Corp boosted its position in JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock worth $155,000 after buying an additional 800 shares during the last quarter. Finally, Hancock Holding Co. boosted its position in JAKKS Pacific by 62.7% in the first quarter. Hancock Holding Co. now owns 31,345 shares of the company’s stock worth $172,000 after buying an additional 12,085 shares during the last quarter. 67.14% of the stock is owned by institutional investors.
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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