Analysts Expect JAKKS Pacific, Inc. (JAKK) Will Post Earnings of -$0.97 Per Share
Equities analysts predict that JAKKS Pacific, Inc. (NASDAQ:JAKK) will post earnings per share of ($0.97) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for JAKKS Pacific’s earnings, with the highest EPS estimate coming in at ($0.93) and the lowest estimate coming in at ($1.00). JAKKS Pacific reported earnings of ($1.01) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, April 25th.
On average, analysts expect that JAKKS Pacific will report full year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.35. For the next fiscal year, analysts forecast that the company will post earnings of $0.43 per share, with EPS estimates ranging from $0.36 to $0.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Thursday, February 23rd. The company reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.15. JAKKS Pacific had a negative net margin of 0.07% and a negative return on equity of 0.37%. The business had revenue of $167 million for the quarter, compared to analysts’ expectations of $159.38 million. During the same period last year, the business earned ($0.50) EPS. The company’s revenue was up 2.2% compared to the same quarter last year.
JAKK has been the subject of several research analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 price objective (down from $8.00) on shares of JAKKS Pacific in a report on Wednesday, December 21st. B. Riley reissued a “neutral” rating and issued a $5.00 price objective on shares of JAKKS Pacific in a report on Saturday, December 24th. Six equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $6.70.
In other news, major shareholder Oasis Investments Ii Master Fu acquired 43,143 shares of the firm’s stock in a transaction dated Wednesday, January 25th. The stock was acquired at an average cost of $5.27 per share, with a total value of $227,363.61. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of JAKK. Hancock Holding Co. bought a new stake in shares of JAKKS Pacific during the third quarter valued at $123,000. Emerald Advisers Inc. PA increased its stake in shares of JAKKS Pacific by 24.3% in the third quarter. Emerald Advisers Inc. PA now owns 17,682 shares of the company’s stock valued at $153,000 after buying an additional 3,453 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of JAKKS Pacific during the fourth quarter valued at $177,000. Wall Street Associates bought a new stake in shares of JAKKS Pacific during the fourth quarter valued at $237,000. Finally, Sei Investments Co. increased its stake in shares of JAKKS Pacific by 45.4% in the third quarter. Sei Investments Co. now owns 38,586 shares of the company’s stock valued at $334,000 after buying an additional 12,053 shares in the last quarter.
JAKKS Pacific (NASDAQ:JAKK) traded up 0.98% during mid-day trading on Monday, hitting $5.15. 108,002 shares of the stock were exchanged. The company has a 50 day moving average of $5.34 and a 200 day moving average of $6.05. JAKKS Pacific has a 12-month low of $4.62 and a 12-month high of $9.75. The firm has a market cap of $82.75 million, a P/E ratio of 73.57 and a beta of 0.69.
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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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