JAKKS Pacific (NASDAQ:JAKK) Posts Earnings Results

Key Points

• JAKKS Pacific reported quarterly earnings of $2.48 per share, exceeding analysts’ consensus estimate of $2.34 by $0.14. The company posted a 2.77% net margin and 4.33% return on equity.
• Shares rose 0.9% to $29.54, near the company’s 52-week high of $29.55. The stock’s market capitalization is approximately $338.1 million, with a price-to-earnings ratio of 21.25.
• Analyst sentiment remains cautious, with two analysts rating the stock Hold and the overall consensus rating at “Hold.”

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) released its quarterly earnings data on Thursday. The company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.34 by $0.14, Zacks reports. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%.

JAKKS Pacific Trading Up 0.9%

Shares of JAKK stock traded up $0.27 during trading on Thursday, hitting $29.54. The company's stock had a trading volume of 160,573 shares, compared to its average volume of 92,439. The company has a market cap of $338.09 million, a PE ratio of 21.25 and a beta of 1.32. The business has a fifty day moving average of $25.81 and a 200-day moving average of $23.94. JAKKS Pacific has a 52 week low of $14.86 and a 52 week high of $29.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JAKK shares. Weiss Ratings restated a "hold (c)" rating on shares of JAKKS Pacific in a report on Friday, September 11th. Wall Street Zen raised JAKKS Pacific from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 23rd. Finally, Zacks Research raised JAKKS Pacific from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

About JAKKS Pacific

JAKKS Pacific, Inc is a toy and consumer products company that develops, manufactures and markets toys, games and related products for children and families. Its portfolio includes action figures, dolls, vehicles, playsets, role-play and dress-up products, plush toys, preschool items, games, and seasonal and outdoor products.

The company sells products under its own brands and through licensing and entertainment partnerships. Its offerings have included products based on well-known movie, television, video game and character properties, as well as proprietary brands such as Maui and Airwalk.

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