Wall Street brokerages expect that Jakks Pacific (NASDAQ:JAKK) will report ($0.60) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Jakks Pacific’s earnings, with the lowest EPS estimate coming in at ($0.69) and the highest estimate coming in at ($0.53). Jakks Pacific reported earnings per share of ($1.01) in the same quarter last year, which would indicate a positive year-over-year growth rate of 40.6%. The business is scheduled to announce its next earnings results on Tuesday, April 24th.
On average, analysts expect that Jakks Pacific will report full-year earnings of ($0.10) per share for the current financial year, with EPS estimates ranging from ($0.54) to $0.23. For the next financial year, analysts anticipate that the business will post earnings of $0.18 per share, with EPS estimates ranging from $0.10 to $0.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Jakks Pacific.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.50). The firm had revenue of $136.63 million for the quarter, compared to the consensus estimate of $155.74 million. Jakks Pacific had a negative return on equity of 22.00% and a negative net margin of 13.55%. The firm’s revenue was down 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.47) EPS.
JAKK has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $3.50 target price on shares of Jakks Pacific in a research report on Monday, November 27th. Zacks Investment Research lowered shares of Jakks Pacific from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Jakks Pacific has an average rating of “Hold” and a consensus target price of $2.89.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its position in Jakks Pacific by 9.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock valued at $4,863,000 after buying an additional 182,100 shares in the last quarter. Walthausen & Co. LLC lifted its holdings in Jakks Pacific by 668.6% in the 3rd quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock valued at $2,323,000 after acquiring an additional 673,560 shares during the last quarter. California Public Employees Retirement System lifted its holdings 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 acquiring an additional 1,400 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 67,020 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Jakks Pacific by 41.3% in the 4th quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock valued at $172,000 after acquiring an additional 21,463 shares during the last quarter. Hedge funds and other institutional investors own 48.11% of the company’s stock.
Shares of Jakks Pacific (NASDAQ JAKK) traded down $0.05 on Wednesday, reaching $2.15. 52,123 shares of the company were exchanged, compared to its average volume of 180,144. The company has a market cap of $64.15, a price-to-earnings ratio of -0.57 and a beta of 0.78. The company has a quick ratio of 1.65, a current ratio of 2.08 and a debt-to-equity ratio of 1.41. Jakks Pacific has a 12-month low of $2.10 and a 12-month high of $5.80.
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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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