Brokerages forecast that JAKKS Pacific, Inc. (NASDAQ:JAKK) will report sales of $155.90 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for JAKKS Pacific’s earnings. The lowest sales estimate is $150.30 million and the highest is $158.71 million. JAKKS Pacific reported sales of $167.03 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.7%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that JAKKS Pacific will report full year sales of $155.90 million for the current year, with estimates ranging from $626.80 million to $635.19 million. For the next financial year, analysts expect that the business will report sales of $631.23 million per share, with estimates ranging from $614.30 million to $648.09 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow JAKKS Pacific.
A number of equities analysts have issued reports on JAKK shares. Zacks Investment Research downgraded JAKKS Pacific from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Stifel Nicolaus decreased their price objective on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a report on Monday, October 30th. BMO Capital Markets reiterated a “hold” rating and issued a $3.50 price objective on shares of JAKKS Pacific in a report on Monday, November 27th. Finally, DA Davidson upgraded JAKKS Pacific from an “underperform” rating to a “neutral” rating in a report on Monday, October 30th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.51.
JAKKS Pacific (NASDAQ JAKK) opened at $2.35 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.96 and a quick ratio of 1.54. JAKKS Pacific has a twelve month low of $2.20 and a twelve month high of $5.85.
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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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