Wall Street brokerages expect JAKKS Pacific, Inc. (NASDAQ:JAKK) to post earnings per share of $0.49 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for JAKKS Pacific’s earnings, with estimates ranging from $0.34 to $0.64. JAKKS Pacific posted earnings per share of $0.53 in the same quarter last year, which indicates a negative year over year growth rate of 7.5%. The business is expected to issue its next quarterly earnings report on Thursday, October 25th.
According to Zacks, analysts expect that JAKKS Pacific will report full year earnings of ($0.88) per share for the current financial year, with EPS estimates ranging from ($0.94) to ($0.81). For the next financial year, analysts forecast that the business will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.23) to ($0.17). Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Thursday, July 26th. The company reported ($0.72) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.22). The business had revenue of $105.78 million for the quarter, compared to analyst estimates of $115.40 million. JAKKS Pacific had a negative return on equity of 39.06% and a negative net margin of 17.20%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research lowered JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Friday, July 6th. ValuEngine raised JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Stifel Nicolaus dropped their target price on JAKKS Pacific from $2.70 to $2.50 and set a “hold” rating on the stock in a research report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. JAKKS Pacific has a consensus rating of “Hold” and a consensus price target of $2.90.
Shares of JAKKS Pacific remained flat at $$2.25 during mid-day trading on Tuesday, according to Marketbeat Ratings. The stock had a trading volume of 30,398 shares, compared to its average volume of 57,324. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 3.41. JAKKS Pacific has a 52 week low of $1.95 and a 52 week high of $3.70.
A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in 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 buying an additional 182,100 shares during the last quarter. Axar Capital Management L.P. bought a new position in JAKKS Pacific in the second quarter valued at approximately $462,000. Finally, Wells Fargo & Company MN grew its stake in JAKKS Pacific by 41.3% in the fourth quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock valued at $172,000 after purchasing an additional 21,463 shares in the last quarter. 38.83% of the stock is currently owned by institutional investors and hedge funds.
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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