Zacks: Analysts Anticipate JAKKS Pacific, Inc. (JAKK) Will Announce Earnings of -$0.23 Per Share
Brokerages forecast that JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce earnings of ($0.23) per share for the current quarter, according to Zacks. Three analysts have issued estimates for JAKKS Pacific’s earnings. The lowest EPS estimate is ($0.27) and the highest is ($0.18). JAKKS Pacific posted earnings per share of ($0.47) during the same quarter last year, which suggests a positive year over year growth rate of 51.1%. The business is expected to report its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that JAKKS Pacific will report full year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.24) to $0.15. For the next year, analysts expect that the company will post earnings of $0.15 per share, with EPS estimates ranging from ($0.09) to $0.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last posted its 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). The company had revenue of $262.40 million for the quarter, compared to analysts’ expectations of $294.59 million. JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The business’s revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share.
JAKK has been the subject of several research analyst reports. Zacks Investment Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine cut shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. DA Davidson cut shares of JAKKS Pacific from a “neutral” rating to an “underperform” rating and cut their target price for the company from $3.75 to $2.25 in a research note on Thursday, September 21st. Jefferies Group reaffirmed a “hold” rating and set a $3.50 target price (down from $4.50) on shares of JAKKS Pacific in a research note on Saturday, September 30th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $3.50 target price on shares of JAKKS Pacific in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. JAKKS Pacific has an average rating of “Hold” and an average target price of $3.93.
Several large investors have recently modified their holdings of the business. Daiwa Securities Group Inc. grew its stake in shares of JAKKS Pacific by 59.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock worth $2,703,000 after buying an additional 333,070 shares in the last quarter. Walthausen & Co. LLC grew its stake in shares of JAKKS Pacific by 668.6% in the 3rd quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock worth $2,323,000 after buying an additional 673,560 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of JAKKS Pacific by 0.6% in the 2nd quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after buying an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of JAKKS Pacific by 273.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after buying an additional 67,020 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of JAKKS Pacific in the 2nd quarter worth $318,000. 56.77% of the stock is owned by institutional investors and hedge funds.
JAKKS Pacific (NASDAQ:JAKK) traded up $0.02 on Friday, reaching $2.48. 38,482 shares of the company traded hands, compared to its average volume of 133,319. 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 1.07, a current ratio of 1.96 and a quick ratio of 1.54.
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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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