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

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Stock analysts at Zacks Research raised their Q2 2024 earnings estimates for shares of JAKKS Pacific in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now expects that the company will earn $0.72 per share 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) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($1.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.47). The company had revenue of $127.40 million during 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%.

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

JAKKS Pacific Stock Performance

JAKK stock opened at $22.15 on Wednesday. JAKKS Pacific has a 52 week low of $15.30 and a 52 week high of $36.84. The firm’s fifty day moving average is $26.96 and its 200 day moving average is $27.71. The firm has a market cap of $239.22 million, a P/E ratio of 6.50 and a beta of 2.34.

Institutional Investors Weigh In On JAKKS Pacific

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in JAKKS Pacific by 430.4% during the 2nd quarter. BlackRock Inc. now owns 412,546 shares of the company’s stock valued at $8,239,000 after buying an additional 334,768 shares during the period. Vanguard Group Inc. boosted its position in JAKKS Pacific by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 364,649 shares of the company’s stock valued at $12,963,000 after buying an additional 4,660 shares during the period. Renaissance Technologies LLC boosted its position in JAKKS Pacific by 18.5% during the 1st quarter. Renaissance Technologies LLC now owns 330,818 shares of the company’s stock valued at $5,723,000 after buying an additional 51,624 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in JAKKS Pacific by 19.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 296,456 shares of the company’s stock valued at $5,129,000 after buying an additional 48,200 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in JAKKS Pacific by 60.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 232,198 shares of the company’s stock valued at $8,255,000 after buying an additional 87,075 shares during the period. Hedge funds and other institutional investors own 44.38% of the company’s stock.

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.