Brokerages Anticipate JAKKS Pacific, Inc. (JAKK) to Announce -$0.56 Earnings Per Share

Brokerages expect that JAKKS Pacific, Inc. (NASDAQ:JAKK) will post earnings of ($0.56) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for JAKKS Pacific’s earnings, with the highest EPS estimate coming in at ($0.46) and the lowest estimate coming in at ($0.66). JAKKS Pacific reported earnings of ($0.85) per share during the same quarter last year, which indicates a positive year over year growth rate of 34.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, May 9th.

According to Zacks, analysts expect that JAKKS Pacific will report full-year earnings of ($0.28) per share for the current financial year, with EPS estimates ranging from ($0.47) to ($0.09). For the next year, analysts expect that the firm will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.41) to ($0.02). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover 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, beating analysts’ consensus estimates of ($0.49) by $0.12. The company had revenue of $132.33 million for 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%.

A number of analysts have issued reports on JAKK shares. DA Davidson reduced their price target on shares of JAKKS Pacific to $1.50 and set a “neutral” rating on the stock in a report on Thursday, March 14th. ValuEngine downgraded shares of JAKKS Pacific from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th.

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of JAKKS Pacific in the 1st quarter worth about $37,000. Citigroup Inc. increased its holdings in shares of JAKKS Pacific by 81.2% in the 4th quarter. Citigroup Inc. now owns 146,282 shares of the company’s stock worth $215,000 after buying an additional 65,543 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of JAKKS Pacific by 10.9% in the 3rd quarter. Vanguard Group Inc now owns 989,352 shares of the company’s stock worth $2,523,000 after buying an additional 97,196 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of JAKKS Pacific by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 989,352 shares of the company’s stock worth $2,523,000 after buying an additional 97,196 shares during the last quarter. Hedge funds and other institutional investors own 38.25% of the company’s stock.

NASDAQ JAKK traded down $0.01 on Thursday, reaching $1.03. The company had a trading volume of 22,513 shares, compared to its average volume of 76,346. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.36 and a current ratio of 1.74. The company has a market cap of $27.51 million, a P/E ratio of -0.82 and a beta of 1.26. JAKKS Pacific has a 12 month low of $0.99 and a 12 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.

Featured Story: What is a short straddle?

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

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

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.