-$0.50 Earnings Per Share Expected for JAKKS Pacific, Inc. (JAKK) This Quarter

Analysts expect that JAKKS Pacific, Inc. (NASDAQ:JAKK) will post earnings per share of ($0.50) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for JAKKS Pacific’s earnings, with estimates ranging from ($0.62) to ($0.38). JAKKS Pacific posted earnings of ($0.66) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.2%. The company is expected to announce its next earnings report before the market opens on Thursday, July 26th.

According to Zacks, analysts expect that JAKKS Pacific will report full year earnings of ($0.47) per share for the current fiscal year, with EPS estimates ranging from ($0.56) to ($0.37). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.57) to $0.22. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover JAKKS Pacific.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Thursday, April 26th. The company reported ($0.85) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.18). JAKKS Pacific had a negative return on equity of 27.69% and a negative net margin of 16.52%. The business had revenue of $93.00 million during the quarter, compared to the consensus estimate of $87.65 million.

JAKK has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Wednesday, July 4th. Stifel Nicolaus reduced their price target on shares of JAKKS Pacific from $2.70 to $2.50 and set a “hold” rating on the stock in a research report on Friday, April 27th. Finally, ValuEngine upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Six research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $2.90.

Several institutional investors have recently bought and sold shares of JAKK. Wells Fargo & Company MN lifted its position in shares of JAKKS Pacific by 41.3% in the 4th quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock worth $172,000 after buying an additional 21,463 shares during the last quarter. Virtu Financial LLC bought a new position in shares of JAKKS Pacific in the 4th quarter worth about $149,000. Finally, Renaissance Technologies LLC lifted its position in shares of JAKKS Pacific by 9.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock worth $4,863,000 after buying an additional 182,100 shares during the last quarter. Institutional investors own 38.83% of the company’s stock.

JAKKS Pacific stock opened at $2.58 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.43 and a current ratio of 1.91. JAKKS Pacific has a 1 year low of $1.95 and a 1 year high of $3.95. The stock has a market capitalization of $75.11 million, a PE ratio of -2.52 and a beta of 0.95.

About JAKKS Pacific

JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates in three segments: U.S. and Canada, International, and Halloween. It offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school toys; private label products; and foot-to-floor ride-on toys, inflatable environments, tents, and wagons.

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