Q4 2016 Earnings Estimate for Jakks Pacific Inc. Issued By B. Riley (JAKK)
Jakks Pacific Inc. (NASDAQ:JAKK) – Research analysts at B. Riley upped their Q4 2016 earnings per share (EPS) estimates for shares of Jakks Pacific in a research note issued on Monday. B. Riley analyst L. Weiser now forecasts that the firm will earn $0.31 per share for the quarter, up from their prior forecast of ($0.23). B. Riley currently has a “Neutral” rating and a $10.00 target price on the stock.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.04. The company had revenue of $141 million for the quarter, compared to the consensus estimate of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.30) EPS.
Separately, Zacks Investment Research upgraded shares of Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Tuesday, September 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $11.58.
Shares of Jakks Pacific (NASDAQ:JAKK) opened at 8.30 on Wednesday. Jakks Pacific has a 12 month low of $6.17 and a 12 month high of $9.75. The firm’s 50-day moving average price is $8.88 and its 200 day moving average price is $8.18. The firm has a market capitalization of $134.06 million, a P/E ratio of 15.84 and a beta of 0.55.
In related news, major shareholder Patrick Soon-Shiong sold 21,809 shares of the business’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $8.43, for a total transaction of $183,849.87. Following the completion of the transaction, the insider now owns 239,622 shares in the company, valued at $2,020,013.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its stake in shares of Jakks Pacific by 105.5% in the second quarter. Acrospire Investment Management LLC now owns 16,976 shares of the company’s stock worth $134,000 after buying an additional 8,714 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Jakks Pacific during the first quarter worth $141,000. Highbridge Capital Management LLC bought a new stake in shares of Jakks Pacific during the second quarter worth $162,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Jakks Pacific during the second quarter worth $200,000. Finally, Stifel Financial Corp boosted its stake in shares of Jakks Pacific by 1.6% in the second quarter. Stifel Financial Corp now owns 25,401 shares of the company’s stock worth $201,000 after buying an additional 400 shares during the period.
About Jakks Pacific
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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