JAKKS Pacific, Inc. (NASDAQ:JAKK) to Post Q2 2024 Earnings of $0.72 Per Share, Zacks Research Forecasts

JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) - Equities researchers at Zacks Research upped their Q2 2024 earnings estimates for JAKKS Pacific in a report issued on Tuesday, April 16th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings per share of $0.72 for the quarter, up from their prior forecast of $0.70. The consensus estimate for JAKKS Pacific's current full-year earnings is $3.73 per share.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($1.21) EPS for the quarter, missing analysts' consensus estimates of ($0.74) by ($0.47). JAKKS Pacific had a net margin of 5.24% and a return on equity of 24.69%. The company had revenue of $127.40 million for the quarter, compared to analyst estimates of $136.54 million.

Several other research analysts have also issued reports on the stock. Ascendiant Capital Markets decreased their price target on shares of JAKKS Pacific from $41.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 1st. TheStreet lowered shares of JAKKS Pacific from a "b" rating to a "c+" rating in a research report on Friday, March 1st.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK traded down $0.27 during mid-day trading on Wednesday, reaching $22.15. 84,123 shares of the company traded hands, compared to its average volume of 122,848. The firm has a market cap of $239.22 million, a PE ratio of 6.50 and a beta of 2.34. JAKKS Pacific has a fifty-two week low of $15.30 and a fifty-two week high of $36.84. The stock has a fifty day simple moving average of $26.96 and a 200-day simple moving average of $27.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JAKK. Bank of New York Mellon Corp boosted its stake in JAKKS Pacific by 11.2% in the 1st quarter. Bank of New York Mellon Corp now owns 19,545 shares of the company's stock worth $274,000 after purchasing an additional 1,972 shares during the period. Vanguard Group Inc. boosted its stake in JAKKS Pacific by 10.8% in the 1st quarter. Vanguard Group Inc. now owns 253,924 shares of the company's stock worth $3,563,000 after purchasing an additional 24,695 shares during the period. Engineers Gate Manager LP boosted its stake in JAKKS Pacific by 45.2% in the 1st quarter. Engineers Gate Manager LP now owns 47,011 shares of the company's stock worth $660,000 after purchasing an additional 14,625 shares during the period. State Street Corp boosted its stake in JAKKS Pacific by 8.0% in the 1st quarter. State Street Corp now owns 26,109 shares of the company's stock worth $366,000 after purchasing an additional 1,923 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in JAKKS Pacific in the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 44.38% of the company's stock.

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.