Wall Street analysts expect Jakks Pacific (NASDAQ:JAKK) to report $87.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Jakks Pacific’s earnings. The lowest sales estimate is $83.40 million and the highest is $89.80 million. Jakks Pacific reported sales of $94.51 million during the same quarter last year, which indicates a negative year over year growth rate of 7.3%. The company is expected to issue its next earnings report on Tuesday, April 24th.
On average, analysts expect that Jakks Pacific will report full-year sales of $87.65 million for the current year, with estimates ranging from $580.80 million to $631.10 million. For the next fiscal year, analysts expect that the business will post sales of $646.28 million per share, with estimates ranging from $586.60 million to $694.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Jakks Pacific.
Jakks Pacific (NASDAQ:JAKK) last posted its 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). Jakks Pacific had a negative net margin of 13.55% and a negative return on equity of 22.00%. The business had revenue of $136.63 million during the quarter, compared to analyst estimates of $155.74 million. During the same quarter in the prior year, the business earned ($0.47) earnings per share. The firm’s revenue was down 18.2% compared to the same quarter last year.
Several brokerages have recently issued reports on JAKK. BMO Capital Markets reiterated a “market perform” rating and set 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 analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $2.89.
Shares of JAKK stock traded up $0.07 during mid-day trading on Monday, hitting $2.28. 83,739 shares of the stock traded hands, compared to its average volume of 171,768. Jakks Pacific has a twelve month low of $1.95 and a twelve month high of $5.35. The stock has a market cap of $64.15, a PE ratio of -2.23 and a beta of 0.86. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.65 and a current ratio of 2.08.
Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Jakks Pacific by 9.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock worth $4,863,000 after acquiring an additional 182,100 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Jakks Pacific during the 4th quarter worth $114,000. Virtu Financial LLC bought a new stake in shares of Jakks Pacific during the 4th quarter worth $149,000. Wells Fargo & Company MN boosted its stake in shares of Jakks Pacific by 41.3% during the 4th quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock worth $172,000 after acquiring an additional 21,463 shares in the last quarter. Finally, Walthausen & Co. LLC boosted its stake in shares of Jakks Pacific by 668.6% during the 3rd quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock worth $2,323,000 after acquiring an additional 673,560 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.
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About Jakks Pacific
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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