Jakks Pacific (JAKK) Expected to Announce Earnings of -$0.60 Per Share

Equities research analysts expect Jakks Pacific (NASDAQ:JAKK) to announce earnings of ($0.60) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Jakks Pacific’s earnings. The lowest EPS estimate is ($0.69) and the highest is ($0.53). Jakks Pacific posted earnings of ($1.01) per share during the same quarter last year, which would indicate a positive year over year growth rate of 40.6%. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, April 26th.

On average, analysts expect that Jakks Pacific will report full-year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.54) to $0.23. For the next year, analysts forecast that the business will report earnings of $0.18 per share, with EPS estimates ranging from $0.10 to $0.28. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Jakks Pacific.

Jakks Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, February 22nd. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.50). The firm had revenue of $136.63 million for 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%. Jakks Pacific’s revenue was down 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.47) EPS.

A number of research firms have recently issued reports on JAKK. BMO Capital Markets restated a “market perform” rating and issued a $2.50 price target (down from $3.50) on shares of Jakks Pacific in a research report on Friday, February 23rd. Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $2.89.

Shares of JAKK stock traded down $0.15 during trading hours on Tuesday, reaching $2.25. The company had a trading volume of 138,694 shares, compared to its average volume of 95,188. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.08 and a quick ratio of 1.65. The firm has a market capitalization of $65.61, a PE ratio of -2.21 and a beta of 0.86. Jakks Pacific has a 12-month low of $1.95 and a 12-month high of $5.30.

Several hedge funds have recently bought and sold shares of JAKK. Spark Investment Management LLC purchased a new stake in shares of Jakks Pacific in the fourth quarter valued at approximately $114,000. Virtu Financial LLC purchased a new stake in shares of Jakks Pacific in the fourth quarter valued at approximately $149,000. Wells Fargo & Company MN grew its position in shares of 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 in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Jakks Pacific by 9.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock valued at $4,863,000 after purchasing an additional 182,100 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

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Jakks Pacific Company Profile

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

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