JAKKS Pacific, Inc. (JAKK) Expected to Announce Quarterly Sales of $255.75 Million

Analysts forecast that JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce sales of $255.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for JAKKS Pacific’s earnings, with estimates ranging from $252.50 million to $259.00 million. JAKKS Pacific reported sales of $262.41 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that JAKKS Pacific will report full-year sales of $586.30 million for the current fiscal year, with estimates ranging from $577.50 million to $595.10 million. For the next financial year, analysts forecast that the company will report sales of $621.15 million, with estimates ranging from $607.00 million to $635.30 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow JAKKS Pacific.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Thursday, July 26th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.22). JAKKS Pacific had a negative net margin of 17.20% and a negative return on equity of 39.06%. The firm had revenue of $105.78 million during the quarter, compared to the consensus estimate of $115.40 million.

JAKK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Wednesday, July 4th. ValuEngine upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. JAKKS Pacific presently has a consensus rating of “Hold” and a consensus price target of $3.06.

An institutional investor recently bought a new position in JAKKS Pacific stock. Axar Capital Management L.P. acquired a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 141,194 shares of the company’s stock, valued at approximately $462,000. JAKKS Pacific comprises approximately 0.1% of Axar Capital Management L.P.’s investment portfolio, making the stock its 5th largest position. Axar Capital Management L.P. owned 0.48% of JAKKS Pacific as of its most recent SEC filing. 39.77% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:JAKK traded up $0.05 during trading on Friday, reaching $2.60. The stock had a trading volume of 700 shares, compared to its average volume of 41,539. JAKKS Pacific has a 52 week low of $1.95 and a 52 week high of $3.55. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $84.59 million, a P/E ratio of -2.55 and a beta of 1.16.

JAKKS Pacific Company Profile

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.

Recommended Story: Return on Investment (ROI)

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.

Leave a Reply