JAKKS Pacific (NASDAQ:JAKK – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.83), Zacks reports. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%.
JAKKS Pacific Stock Performance
Shares of JAKKS Pacific stock traded down $0.11 on Thursday, hitting $34.82. The company’s stock had a trading volume of 230,035 shares, compared to its average volume of 105,316. The company has a market capitalization of $382.67 million, a price-to-earnings ratio of 12.80 and a beta of 2.22. The firm has a fifty day moving average price of $29.16 and a 200-day moving average price of $26.96. JAKKS Pacific has a 1 year low of $17.06 and a 1 year high of $36.35.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. B. Riley lifted their price target on JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $41.67.
About JAKKS Pacific
JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company 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 products; private label products; and foot-to-floor ride-on products.
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