DA Davidson Weighs in on JAKKS Pacific, Inc.’s FY2017 Earnings (JAKK)
JAKKS Pacific, Inc. (NASDAQ:JAKK) – Research analysts at DA Davidson cut their FY2017 earnings estimates for JAKKS Pacific in a research report issued to clients and investors on Monday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings of ($0.24) per share for the year, down from their prior estimate of ($0.01). DA Davidson currently has a “Neutral” rating on the stock. DA Davidson also issued estimates for JAKKS Pacific’s Q4 2017 earnings at ($0.27) EPS, Q1 2018 earnings at ($0.54) EPS, Q2 2018 earnings at ($0.48) EPS, Q3 2018 earnings at $1.09 EPS, FY2018 earnings at ($0.09) EPS and FY2019 earnings at $0.04 EPS.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.32). JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. The business had revenue of $262.40 million during the quarter, compared to analysts’ expectations of $294.59 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. JAKKS Pacific’s quarterly revenue was down 13.3% on a year-over-year basis.
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A number of other research analysts have also commented on the company. ValuEngine lowered JAKKS Pacific from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. TheStreet lowered JAKKS Pacific from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. BMO Capital Markets set a $4.00 target price on JAKKS Pacific and gave the stock a “hold” rating in a report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $5.50 target price on shares of JAKKS Pacific in a report on Monday, July 10th. Finally, Zacks Investment Research lowered JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. JAKKS Pacific has an average rating of “Hold” and a consensus target price of $3.93.
In other news, CEO Stephen G. Berman bought 10,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of $3.40 per share, with a total value of $34,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its stake in JAKKS Pacific by 59.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock worth $2,703,000 after purchasing an additional 333,070 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in JAKKS Pacific in the 2nd quarter worth about $318,000. Goldman Sachs Group Inc. increased its stake in JAKKS Pacific by 273.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after purchasing an additional 67,020 shares in the last quarter. LMR Partners LLP purchased a new position in JAKKS Pacific in the 2nd quarter worth about $194,000. Finally, California Public Employees Retirement System increased its stake in JAKKS Pacific by 22.7% in the 1st quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock worth $1,196,000 after purchasing an additional 40,300 shares in the last quarter. 55.59% of the stock is currently owned by hedge funds and other institutional investors.
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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