$0.92 Earnings Per Share Expected for JAKKS Pacific, Inc. (JAKK) This Quarter
Equities analysts expect that JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce earnings per share (EPS) of $0.92 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for JAKKS Pacific’s earnings, with estimates ranging from $0.86 to $0.98. JAKKS Pacific posted earnings of $0.82 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The firm is expected to report its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that JAKKS Pacific will report full year earnings of $0.26 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.44. For the next year, analysts anticipate that the firm will post earnings of $0.33 per share, with EPS estimates ranging from $0.30 to $0.34. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.45. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The company had revenue of $119.57 million for the quarter, compared to the consensus estimate of $134.02 million. During the same period last year, the company earned ($0.27) earnings per share. JAKKS Pacific’s revenue for the quarter was down 15.2% compared to the same quarter last year.
Several research analysts recently commented on the stock. 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. TheStreet downgraded shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. BMO Capital Markets set a $4.00 target price on shares of JAKKS Pacific and gave the stock a “hold” rating in a research note on Wednesday, July 26th. DA Davidson reaffirmed a “neutral” rating and issued a $3.75 target price (down from $5.00) on shares of JAKKS Pacific in a research note on Saturday, July 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $5.50 target price on shares of JAKKS Pacific in a research note on Monday, July 10th. Eight research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $5.46.
JAKKS Pacific (NASDAQ JAKK) traded down 4.29% during mid-day trading on Tuesday, hitting $3.35. 73,116 shares of the stock traded hands. JAKKS Pacific has a one year low of $3.05 and a one year high of $9.75. The stock’s market capitalization is $76.29 million. The company has a 50 day moving average price of $3.54 and a 200-day moving average price of $4.50.
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In other JAKKS Pacific news, CEO Stephen G. Berman bought 10,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $3.40 per share, for a total transaction of $34,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in JAKK. KCG Holdings Inc. boosted its stake in shares of JAKKS Pacific by 48.9% in the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock worth $118,000 after buying an additional 7,023 shares during the period. Renaissance Technologies LLC boosted its stake in shares of JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock worth $8,887,000 after buying an additional 11,600 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of JAKKS Pacific during the first quarter worth approximately $271,000. California Public Employees Retirement System boosted its stake in shares of JAKKS Pacific by 22.7% in the first quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock worth $1,196,000 after buying an additional 40,300 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock worth $155,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 56.04% of the company’s stock.
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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