Analysts expect that JAKKS Pacific, Inc. (NASDAQ:JAKK) will post sales of $78.65 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for JAKKS Pacific’s earnings, with estimates ranging from $69.60 million to $87.70 million. JAKKS Pacific reported sales of $93.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 15.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 25th.
On average, analysts expect that JAKKS Pacific will report full-year sales of $597.40 million for the current year, with estimates ranging from $597.10 million to $597.70 million. For the next fiscal year, analysts forecast that the company will post sales of $608.05 million, with estimates ranging from $597.10 million to $619.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Tuesday, February 26th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.49) by $0.12. The business had revenue of $132.33 million during the quarter, compared to the consensus estimate of $120.80 million. JAKKS Pacific had a negative net margin of 7.46% and a negative return on equity of 57.60%.
Several analysts recently weighed in on JAKK shares. DA Davidson dropped their target price on shares of JAKKS Pacific to $1.50 and set a “neutral” rating for the company in a report on Thursday, March 14th. Zacks Investment Research downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th.
A number of institutional investors have recently bought and sold shares of JAKK. Virtu Financial LLC acquired a new stake in JAKKS Pacific in the 1st quarter valued at approximately $37,000. Citigroup Inc. increased its holdings in JAKKS Pacific by 81.2% in the 4th quarter. Citigroup Inc. now owns 146,282 shares of the company’s stock valued at $215,000 after purchasing an additional 65,543 shares during the last quarter. Vanguard Group Inc boosted its position in JAKKS Pacific by 10.9% in the 3rd quarter. Vanguard Group Inc now owns 989,352 shares of the company’s stock valued at $2,523,000 after buying an additional 97,196 shares during the period. Finally, Vanguard Group Inc. boosted its position in JAKKS Pacific by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 989,352 shares of the company’s stock valued at $2,523,000 after buying an additional 97,196 shares during the period. Hedge funds and other institutional investors own 38.12% of the company’s stock.
Shares of NASDAQ JAKK traded up $0.02 during midday trading on Friday, reaching $1.08. 1,301 shares of the stock were exchanged, compared to its average volume of 108,762. The company has a market capitalization of $31.69 million, a P/E ratio of -0.84 and a beta of 1.23. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.74 and a quick ratio of 1.36. JAKKS Pacific has a twelve month low of $0.99 and a twelve month high of $3.33.
About JAKKS Pacific
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.
See Also: Understanding Specialty Certificates of Deposit
Get a free copy of the Zacks research report on JAKKS Pacific (JAKK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for JAKKS Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JAKKS Pacific and related companies with MarketBeat.com's FREE daily email newsletter.