Wall Street analysts 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 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 posted earnings of ($0.47) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 51.1%. The firm is expected to announce 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 financial year, analysts expect that the company will report earnings of $0.15 per share, with EPS estimates ranging from ($0.09) to $0.31. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for 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). JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The company had revenue of $262.40 million for the quarter, compared to the consensus estimate of $294.59 million. During the same quarter last year, the business earned $0.82 earnings per share. JAKKS Pacific’s quarterly revenue was down 13.3% on a year-over-year basis.
Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $3.75 price target (down from $5.00) on shares of JAKKS Pacific in a research report on Saturday, July 22nd. Zacks Investment Research lowered shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. BMO Capital Markets set a $4.00 price target on shares of JAKKS Pacific and gave the company a “hold” rating in a report on Wednesday, July 26th. TheStreet lowered shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Finally, ValuEngine lowered shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. JAKKS Pacific has a consensus rating of “Hold” and an average target price of $3.93.
A number of large investors have recently modified their holdings of JAKK. Municipal Employees Retirement System of Michigan bought a new position in shares of JAKKS Pacific during the second quarter valued at $318,000. Bank of New York Mellon Corp grew its holdings in shares of JAKKS Pacific by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock valued at $1,181,000 after buying an additional 3,068 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of JAKKS Pacific by 16.5% during the first quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock valued at $142,000 after buying an additional 3,664 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of JAKKS Pacific by 0.7% during the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock valued at $8,887,000 after buying an additional 11,600 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of JAKKS Pacific by 273.2% during the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after buying an additional 67,020 shares during the last quarter. 56.62% of the stock is owned by institutional investors and hedge funds.
JAKKS Pacific (NASDAQ JAKK) traded up $0.05 during midday trading on Tuesday, reaching $2.65. The company’s stock had a trading volume of 91,923 shares, compared to its average volume of 276,235. JAKKS Pacific has a one year low of $2.40 and a one year high of $7.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.38 and a current ratio of 1.96.
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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