JAKKS Pacific, Inc. (JAKK) Expected to Announce Quarterly Sales of $155.90 Million

Analysts forecast that JAKKS Pacific, Inc. (NASDAQ:JAKK) will report sales of $155.90 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for JAKKS Pacific’s earnings, with estimates ranging from $150.30 million to $158.71 million. JAKKS Pacific posted sales of $167.03 million during the same quarter last year, which would indicate a negative year over year growth rate of 6.7%. The firm is scheduled to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that JAKKS Pacific will report full year sales of $155.90 million for the current fiscal year, with estimates ranging from $626.80 million to $635.19 million. For the next fiscal year, analysts expect that the firm will report sales of $631.23 million per share, with estimates ranging from $614.30 million to $648.09 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover JAKKS Pacific.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Thursday, October 26th. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $262.40 million for the quarter, compared to analysts’ expectations of $294.59 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was down 13.3% on a year-over-year basis.

A number of analysts recently weighed in on JAKK shares. Stifel Nicolaus cut 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 note on Monday, October 30th. BMO Capital Markets restated a “hold” rating and set a $3.50 target price on shares of JAKKS Pacific in a research note on Friday, October 6th. Jefferies Group restated a “hold” rating and set a $3.50 target price (down from $4.50) on shares of JAKKS Pacific in a research note on Saturday, September 30th. DA Davidson upgraded shares of JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.51.

JAKKS Pacific (NASDAQ:JAKK) remained flat at $$2.55 during mid-day trading on Monday. The company had a trading volume of 690,849 shares, compared to its average volume of 233,160. 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 12-month low of $2.20 and a 12-month high of $5.85. The stock has a market capitalization of $68.82, a PE ratio of -0.84, a price-to-earnings-growth ratio of 3.34 and a beta of 0.65.

A number of institutional investors have recently made changes to their positions in JAKK. Walthausen & Co. LLC increased its stake in JAKKS Pacific by 668.6% in the third quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock valued at $2,323,000 after purchasing an additional 673,560 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in JAKKS Pacific by 59.2% in the third quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock valued at $2,703,000 after purchasing an additional 333,070 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after purchasing an additional 67,020 shares during the last quarter. Wells Fargo & Company MN increased its stake in JAKKS Pacific by 20,020.5% in the third quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock valued at $155,000 after purchasing an additional 51,653 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in JAKKS Pacific by 12.7% in the second quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock valued at $129,000 after purchasing an additional 3,604 shares during the last quarter. Institutional investors own 56.78% of the company’s stock.

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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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