Zacks: Brokerages Anticipate JAKKS Pacific, Inc. (JAKK) Will Announce Earnings of -$0.23 Per Share
Brokerages expect JAKKS Pacific, Inc. (NASDAQ:JAKK) to announce earnings per share of ($0.23) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made 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 reported earnings of ($0.47) per share in the same quarter last year, which would suggest a positive year over year growth rate of 51.1%. The company is scheduled to issue its next earnings report on Thursday, February 22nd.
On average, analysts expect that JAKKS Pacific will report full-year earnings of ($0.05) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to $0.15. For the next fiscal year, analysts anticipate that the business will post earnings of $0.15 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.
JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.32). JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. The business had revenue of $262.40 million during the quarter, compared to the consensus estimate of $294.59 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. 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. Stifel Nicolaus dropped their price target on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a research note on Monday, October 30th. BMO Capital Markets restated a “hold” rating and issued a $3.50 price target on shares of JAKKS Pacific in a research note on Friday, October 6th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $3.50 price target (down from $4.50) on shares of JAKKS Pacific in a research note on Saturday, September 30th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.93.
Hedge funds and other institutional investors have recently bought and sold shares of the company. KCG Holdings Inc. boosted its position in shares of JAKKS Pacific by 48.9% during the 1st quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after acquiring an additional 7,023 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of JAKKS Pacific by 0.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock valued at $135,000 after acquiring an additional 117 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of JAKKS Pacific by 16.5% during the 1st quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock valued at $142,000 after acquiring an additional 3,664 shares during the last quarter. Stifel Financial Corp boosted its position in shares of JAKKS Pacific by 12.7% during the 2nd quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock valued at $129,000 after acquiring an additional 3,604 shares during the last quarter. Finally, LMR Partners LLP bought a new position in shares of JAKKS Pacific during the 2nd quarter valued at approximately $194,000. Hedge funds and other institutional investors own 56.62% of the company’s stock.
JAKKS Pacific (NASDAQ:JAKK) opened at $2.60 on Tuesday. JAKKS Pacific has a 52 week low of $2.40 and a 52 week high of $7.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.76 and a quick ratio of 1.38.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for JAKKS Pacific Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JAKKS Pacific Inc. and related companies with MarketBeat.com's FREE daily email newsletter.