Jakks Pacific Inc. (JAKK) to Release Quarterly Earnings on Thursday
Jakks Pacific Inc. (NASDAQ:JAKK) is scheduled to be issuing its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $1.21 per share and revenue of $124.06 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.04. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The company earned $141 million during the quarter, compared to analysts’ expectations of $134.80 million. During the same quarter in the prior year, the company earned ($0.30) EPS. The firm’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect Jakks Pacific to post $0.78 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.25 on Wednesday. The stock has a market cap of $133.25 million, a PE ratio of 15.74 and a beta of 0.55. The stock has a 50 day moving average of $8.65 and a 200-day moving average of $8.25. Jakks Pacific Inc. has a 52 week low of $6.17 and a 52 week high of $9.75.
In related news, major shareholder Patrick Soon-Shiong sold 133,619 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $8.82, for a total value of $1,178,519.58. Following the sale, the insider now owns 239,622 shares in the company, valued at $2,113,466.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in JAKK. Highbridge Capital Management LLC acquired a new stake in shares of Jakks Pacific during the second quarter valued at $162,000. Eagle Global Advisors LLC boosted its stake in shares of Jakks Pacific by 7.5% in the second quarter. Eagle Global Advisors LLC now owns 26,740 shares of the company’s stock valued at $212,000 after buying an additional 1,870 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in shares of Jakks Pacific by 1.0% in the second quarter. BlackRock Investment Management LLC now owns 72,075 shares of the company’s stock valued at $570,000 after buying an additional 719 shares in the last quarter. Spark Investment Management LLC boosted its stake in shares of Jakks Pacific by 73.4% in the second quarter. Spark Investment Management LLC now owns 107,500 shares of the company’s stock valued at $850,000 after buying an additional 45,500 shares in the last quarter. Finally, Menta Capital LLC boosted its stake in shares of Jakks Pacific by 78.7% in the second quarter. Menta Capital LLC now owns 111,180 shares of the company’s stock valued at $879,000 after buying an additional 48,977 shares in the last quarter.
JAKK has been the topic of several recent analyst reports. B. Riley reiterated a “neutral” rating and set a $10.00 price objective on shares of Jakks Pacific in a research report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Jakks Pacific from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Jakks Pacific has an average rating of “Buy” and an average price target of $11.58.
Jakks Pacific Company Profile
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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