Jakks Pacific (JAKK) Expected to Post Quarterly Sales of $87.65 Million

Wall Street brokerages predict that Jakks Pacific (NASDAQ:JAKK) will report $87.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Jakks Pacific’s earnings, with the highest sales estimate coming in at $89.80 million and the lowest estimate coming in at $83.40 million. Jakks Pacific reported sales of $94.51 million during the same quarter last year, which indicates a negative year-over-year growth rate of 7.3%. The company is scheduled to report its next earnings results before the market opens on Thursday, April 26th.

On average, analysts expect that Jakks Pacific will report full-year sales of $612.79 million for the current fiscal year, with estimates ranging from $580.80 million to $631.10 million. For the next financial year, analysts expect that the company will report sales of $646.28 million per share, with estimates ranging from $586.60 million to $694.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Jakks Pacific.

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Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.50). Jakks Pacific had a negative return on equity of 22.00% and a negative net margin of 13.55%. The company had revenue of $136.63 million for the quarter, compared to analyst estimates of $155.74 million. During the same period in the previous year, the business posted ($0.47) EPS. The firm’s revenue for the quarter was down 18.2% compared to the same quarter last year.

A number of research firms have weighed in on JAKK. BMO Capital Markets reissued a “market perform” rating and set a $2.50 price objective (down previously from $3.50) on shares of Jakks Pacific in a report on Friday, February 23rd. Zacks Investment Research raised shares of Jakks Pacific from a “sell” rating to a “hold” rating in a report on Monday, March 12th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2.89.

JAKK stock opened at $2.35 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.65 and a current ratio of 2.08. Jakks Pacific has a twelve month low of $1.95 and a twelve month high of $5.30. The company has a market cap of $68.52, a price-to-earnings ratio of -2.30 and a beta of 0.86.

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of Jakks Pacific by 41.3% in the 4th quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock valued at $172,000 after acquiring an additional 21,463 shares during the period. Spark Investment Management LLC acquired a new position in shares of Jakks Pacific in the 4th quarter valued at $114,000. Virtu Financial LLC acquired a new position in shares of Jakks Pacific in the 4th quarter valued at $149,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Jakks Pacific by 9.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock valued at $4,863,000 after acquiring an additional 182,100 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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Jakks Pacific Company Profile

JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates in three segments: U.S. and Canada, International, and Halloween. It 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 toys; private label products; and foot-to-floor ride-on toys, inflatable environments, tents, and wagons.

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Earnings History and Estimates for Jakks Pacific (NASDAQ:JAKK)

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