Brokerages Expect JAKKS Pacific, Inc. (NASDAQ:JAKK) to Post -$0.58 Earnings Per Share

Equities research analysts predict that JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce earnings per share (EPS) of ($0.58) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for JAKKS Pacific’s earnings. The lowest EPS estimate is ($0.69) and the highest is ($0.48). JAKKS Pacific posted earnings per share of ($1.01) during the same quarter last year, which suggests a positive year-over-year growth rate of 42.6%. The firm is expected to issue its next earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that JAKKS Pacific will report full-year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.23. For the next year, analysts anticipate that the firm will report earnings of $0.22 per share, with EPS estimates ranging from $0.10 to $0.28. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for JAKKS Pacific.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Thursday, February 22nd. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.50). The business had revenue of $136.63 million during the quarter, compared to analyst estimates of $155.74 million. JAKKS Pacific had a negative net margin of 13.55% and a negative return on equity of 22.00%. The business’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same period last year, the business earned ($0.47) EPS.

Several analysts have recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating and set a $2.50 price objective (down previously from $3.50) on shares of JAKKS Pacific in a report on Friday, February 23rd. Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. JAKKS Pacific has an average rating of “Hold” and an average price target of $2.89.

JAKKS Pacific (NASDAQ JAKK) traded down $0.20 on Wednesday, reaching $2.20. The company’s stock had a trading volume of 325,650 shares, compared to its average volume of 178,985. The firm has a market cap of $60.72, a price-to-earnings ratio of -0.57, a P/E/G ratio of 3.14 and a beta of 0.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.08 and a quick ratio of 1.65. JAKKS Pacific has a 12-month low of $2.10 and a 12-month high of $5.80.

Large investors have recently made changes to their positions in the company. Spark Investment Management LLC acquired a new stake in shares of JAKKS Pacific during the 4th quarter worth approximately $114,000. Wells Fargo & Company MN grew its holdings in shares of JAKKS Pacific by 20,020.5% during the 3rd quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock worth $155,000 after purchasing an additional 51,653 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of JAKKS Pacific during the 4th quarter worth approximately $149,000. Goldman Sachs Group Inc. boosted 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 valued at $366,000 after buying an additional 67,020 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in JAKKS Pacific by 0.6% in the 2nd quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock valued at $875,000 after buying an additional 1,400 shares in the last quarter. 48.11% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for JAKKS Pacific (NASDAQ:JAKK)

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