JAKKS Pacific, Inc. (JAKK) Announces Quarterly Earnings Results, Misses Estimates By $0.32 EPS

JAKKS Pacific, Inc. (NASDAQ:JAKK) announced its quarterly earnings results on Thursday, October 26th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.32), MarketWatch Earnings reports. The company had revenue of $262.40 million for the quarter, compared to analyst estimates of $294.59 million. JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share.

JAKKS Pacific (NASDAQ JAKK) traded up $0.20 during trading hours on Friday, reaching $2.60. 466,000 shares of the company’s stock traded hands, compared to its average volume of 216,203. The company has a quick ratio of 1.38, a current ratio of 1.76 and a debt-to-equity ratio of 0.89. JAKKS Pacific has a 52-week low of $2.40 and a 52-week high of $7.45.

A number of analysts recently weighed in on the company. Zacks Investment Research cut shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 31st. DA Davidson raised shares of JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. Stifel Nicolaus cut their price objective 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 reissued a “hold” rating and set a $3.50 price objective on shares of JAKKS Pacific in a research report on Friday, October 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $3.50 price target (down previously from $4.50) on shares of JAKKS Pacific in a research report on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. JAKKS Pacific has an average rating of “Hold” and an average target price of $3.93.

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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.

Earnings History for JAKKS Pacific (NASDAQ:JAKK)

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