JAKKS Pacific (JAKK) Set to Announce Earnings on Wednesday

JAKKS Pacific (NASDAQ:JAKK) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.47). The company had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $136.54 million. JAKKS Pacific had a net margin of 5.24% and a return on equity of 24.69%. On average, analysts expect JAKKS Pacific to post $4 EPS for the current fiscal year and $2 EPS for the next fiscal year.

JAKKS Pacific Trading Down 1.9 %

NASDAQ:JAKK opened at $22.42 on Wednesday. The company’s 50-day moving average price is $27.15 and its 200-day moving average price is $27.75. The company has a market cap of $242.14 million, a P/E ratio of 6.57 and a beta of 2.34. JAKKS Pacific has a twelve month low of $15.30 and a twelve month high of $36.84.

Hedge Funds Weigh In On JAKKS Pacific

A number of institutional investors have recently bought and sold shares of JAKK. Tower Research Capital LLC TRC raised its stake in JAKKS Pacific by 4,676.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,433 shares of the company’s stock worth $25,000 after purchasing an additional 1,403 shares during the period. UBS Group AG raised its stake in JAKKS Pacific by 357.8% during the fourth quarter. UBS Group AG now owns 1,401 shares of the company’s stock worth $25,000 after purchasing an additional 1,095 shares during the period. California State Teachers Retirement System purchased a new position in JAKKS Pacific during the second quarter worth about $48,000. Legal & General Group Plc raised its stake in JAKKS Pacific by 32.2% during the fourth quarter. Legal & General Group Plc now owns 1,450 shares of the company’s stock worth $52,000 after purchasing an additional 353 shares during the period. Finally, Deutsche Bank AG purchased a new position in JAKKS Pacific during the third quarter worth about $58,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in 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 note on Monday, April 1st. TheStreet downgraded shares of JAKKS Pacific from a “b” rating to a “c+” rating in a research note on Friday, March 1st.

JAKKS Pacific Company Profile

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.