Zacks: Analysts Expect JAKKS Pacific, Inc. (JAKK) Will Post Quarterly Sales of $155.90 Million

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.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System raised its holdings in JAKKS Pacific by 0.6% in the second quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after purchasing an additional 1,400 shares in the last quarter. Stifel Financial Corp raised its holdings in JAKKS Pacific by 12.7% in the second quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock worth $129,000 after purchasing an additional 3,604 shares in the last quarter. Wells Fargo & Company MN raised its holdings in JAKKS Pacific by 41.3% in the fourth quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock worth $172,000 after purchasing an additional 21,463 shares in the last quarter. Virtu Financial LLC bought a new position in shares of JAKKS Pacific during the fourth quarter valued at $149,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of JAKKS Pacific by 273.2% during the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after acquiring an additional 67,020 shares in the last quarter. Institutional investors and hedge funds own 56.20% of the company’s stock.

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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