JAKKS Pacific, Inc. (JAKK) Expected to Announce Earnings of -$0.23 Per Share
Analysts expect JAKKS Pacific, Inc. (NASDAQ:JAKK) to report ($0.23) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for JAKKS Pacific’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.27). JAKKS Pacific posted earnings per share of ($0.47) during the same quarter last year, which indicates a positive year-over-year growth rate of 51.1%. The firm is expected to announce its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that JAKKS Pacific will report full year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.24) to $0.15. For the next financial year, analysts expect that the business will post earnings of $0.15 per share, with EPS estimates ranging from ($0.09) to $0.31. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Thursday, October 26th. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.32). The company had revenue of $262.40 million for the quarter, compared to analysts’ expectations of $294.59 million. JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. The business’s revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share.
JAKK has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Stifel Nicolaus dropped their target price on shares of JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating on the stock in a research report on Monday, October 30th. BMO Capital Markets reaffirmed a “hold” rating and issued a $3.50 target price on shares of JAKKS Pacific in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 31st. Finally, DA Davidson downgraded shares of JAKKS Pacific from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $3.75 to $2.25 in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $3.93.
A number of institutional investors have recently modified their holdings of the business. California Public Employees Retirement System increased its holdings in JAKKS Pacific by 22.7% during the 1st quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock valued at $1,196,000 after acquiring an additional 40,300 shares in the last quarter. KCG Holdings Inc. increased its holdings in 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 last quarter. Goldman Sachs Group Inc. increased its holdings in JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock worth $135,000 after buying an additional 117 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in JAKKS Pacific in the second quarter worth approximately $318,000. Finally, LMR Partners LLP acquired a new position in JAKKS Pacific in the second quarter worth approximately $194,000. 56.84% of the stock is currently owned by institutional investors.
JAKKS Pacific (JAKK) traded up $0.08 during mid-day trading on Friday, hitting $2.55. 147,000 shares of the stock were exchanged, compared to its average volume of 267,886. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.96 and a quick ratio of 1.54. JAKKS Pacific has a twelve month low of $2.40 and a twelve month high of $7.45.
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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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