Wall Street brokerages expect JAKKS Pacific, Inc. (NASDAQ:JAKK) to report $155.90 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for JAKKS Pacific’s earnings, with the lowest sales estimate coming in at $150.30 million and the highest estimate coming in at $158.71 million. JAKKS Pacific posted sales of $167.03 million during the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The business is expected to report its next quarterly 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 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 Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover JAKKS Pacific.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Thursday, October 26th. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.32). The business had revenue of $262.40 million during the quarter, compared to analyst estimates of $294.59 million. JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. JAKKS Pacific’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share.
JAKK has been the subject of a number of analyst reports. Jefferies Group reissued a “hold” rating and issued a $3.50 price objective (down previously from $4.50) on shares of JAKKS Pacific in a report on Saturday, September 30th. ValuEngine lowered shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Stifel Nicolaus dropped their price objective on shares of JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a report on Monday, October 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $3.50 target price on shares of JAKKS Pacific in a research note on Monday, November 27th. 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 investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. JAKKS Pacific presently has an average rating of “Hold” and a consensus target price of $3.51.
Shares of JAKKS Pacific (NASDAQ:JAKK) remained flat at $$2.50 on Friday. 118,800 shares of the stock traded hands, compared to its average volume of 265,230. 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 1 year low of $2.33 and a 1 year high of $5.85.
Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of JAKKS Pacific by 0.5% during the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock worth $135,000 after purchasing an additional 117 shares in the last quarter. Stifel Financial Corp raised its holdings 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 acquiring an additional 3,604 shares in the last quarter. LMR Partners LLP acquired a new stake in JAKKS Pacific in the second quarter valued at approximately $194,000. Wells Fargo & Company MN raised its holdings 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 acquiring an additional 51,653 shares in the last quarter. Finally, KBC Group NV raised its holdings in JAKKS Pacific by 5.5% in the second quarter. KBC Group NV now owns 63,199 shares of the company’s stock valued at $253,000 after acquiring an additional 3,304 shares in the last quarter. 56.78% of the stock is currently owned by institutional investors and hedge funds.
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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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