JAKKS Pacific, Inc. Expected to Earn Q2 2024 Earnings of $0.72 Per Share (NASDAQ:JAKK)

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Stock analysts at Zacks Research boosted their Q2 2024 earnings per share (EPS) estimates for shares of JAKKS Pacific in a note issued to investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now forecasts that the company will earn $0.72 per share for the quarter, up from their previous 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 announced its quarterly earnings results on Thursday, February 29th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.74) by ($0.47). JAKKS Pacific had a net margin of 5.24% and a return on equity of 24.69%. The business had revenue of $127.40 million during the quarter, compared to analyst estimates of $136.54 million.

Other equities research analysts also recently issued research reports about the company. TheStreet downgraded JAKKS Pacific from a “b” rating to a “c+” rating in a report on Friday, March 1st. Ascendiant Capital Markets cut their price objective on 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 Up 0.7 %

Shares of JAKKS Pacific stock opened at $22.31 on Wednesday. The firm has a market cap of $240.90 million, a PE ratio of 6.54 and a beta of 2.34. JAKKS Pacific has a 52 week low of $15.30 and a 52 week high of $36.84. The business’s fifty day simple moving average is $26.75 and its 200-day simple moving average is $27.68.

Institutional Investors Weigh In On JAKKS Pacific

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its holdings in JAKKS Pacific by 32.2% during the 4th 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. Bank of New York Mellon Corp increased its holdings in JAKKS Pacific by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 23,278 shares of the company’s stock worth $450,000 after purchasing an additional 765 shares during the period. Royal Bank of Canada increased its holdings in JAKKS Pacific by 12.8% during the 4th quarter. Royal Bank of Canada now owns 7,551 shares of the company’s stock worth $269,000 after purchasing an additional 858 shares during the period. Rhumbline Advisers increased its holdings in JAKKS Pacific by 10.2% during the 3rd quarter. Rhumbline Advisers now owns 9,482 shares of the company’s stock worth $176,000 after purchasing an additional 878 shares during the period. Finally, Simplicity Solutions LLC increased its holdings in JAKKS Pacific by 5.4% during the 3rd quarter. Simplicity Solutions LLC now owns 19,213 shares of the company’s stock worth $357,000 after purchasing an additional 991 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.