Zacks Research Comments on JAKKS Pacific, Inc.'s Q3 2024 Earnings (NASDAQ:JAKK)

JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) - Equities research analysts at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for shares of JAKKS Pacific in a research report issued on Tuesday, April 16th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings per share of $3.81 for the quarter, up from their prior estimate of $3.67. The consensus estimate for JAKKS Pacific's current full-year earnings is $3.73 per share. Zacks Research also issued estimates for JAKKS Pacific's FY2024 earnings at $3.89 EPS, Q1 2025 earnings at ($0.59) EPS, Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $4.13 EPS, Q4 2025 earnings at ($0.18) EPS, FY2025 earnings at $4.23 EPS, Q1 2026 earnings at ($0.76) EPS and FY2026 earnings at $3.97 EPS.

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

A number of other equities analysts also recently commented on the stock. Ascendiant Capital Markets reduced their price objective on shares of JAKKS Pacific from $41.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 1st. TheStreet cut JAKKS Pacific from a "b" rating to a "c+" rating in a research report on Friday, March 1st.

JAKKS Pacific Stock Performance

JAKKS Pacific stock traded up $0.16 during mid-day trading on Thursday, reaching $22.31. The company's stock had a trading volume of 56,036 shares, compared to its average volume of 121,956. JAKKS Pacific has a 12 month low of $15.30 and a 12 month high of $36.84. The business's 50 day simple moving average is $26.75 and its 200 day simple moving average is $27.68. The company has a market capitalization of $240.90 million, a price-to-earnings ratio of 6.54 and a beta of 2.34.

Institutional Trading of JAKKS Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in JAKK. Janney Montgomery Scott LLC lifted its position in shares of JAKKS Pacific by 11.0% in the third quarter. Janney Montgomery Scott LLC now owns 17,044 shares of the company's stock valued at $317,000 after buying an additional 1,689 shares during the last quarter. Trexquant Investment LP acquired a new stake in JAKKS Pacific during the 3rd quarter valued at $528,000. LSV Asset Management boosted its position in JAKKS Pacific by 86.4% during the third quarter. LSV Asset Management now owns 117,796 shares of the company's stock worth $2,190,000 after purchasing an additional 54,601 shares during the period. Simplicity Solutions LLC increased its holdings in shares of JAKKS Pacific by 5.4% in the third quarter. Simplicity Solutions LLC now owns 19,213 shares of the company's stock valued at $357,000 after purchasing an additional 991 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of JAKKS Pacific by 27.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,289 shares of the company's stock valued at $303,000 after purchasing an additional 3,461 shares during the period. 44.38% of the stock is owned by institutional investors.

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.