JAKKS Pacific, Inc. (NASDAQ:JAKK) – Equities researchers at DA Davidson dropped their Q2 2019 earnings per share estimates for JAKKS Pacific in a report released on Tuesday, May 14th. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of ($0.63) for the quarter, down from their prior estimate of ($0.54). DA Davidson has a “Neutral” rating and a $1.50 price target on the stock. DA Davidson also issued estimates for JAKKS Pacific’s Q3 2019 earnings at $0.58 EPS, FY2019 earnings at ($0.45) EPS and FY2020 earnings at $0.45 EPS.
JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Thursday, May 9th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.44). JAKKS Pacific had a negative return on equity of 77.24% and a negative net margin of 6.47%. The business had revenue of $70.83 million for the quarter, compared to analyst estimates of $78.65 million.
NASDAQ:JAKK opened at $0.90 on Thursday. The company has a debt-to-equity ratio of 7.11, a quick ratio of 1.27 and a current ratio of 1.67. JAKKS Pacific has a one year low of $0.73 and a one year high of $3.33. The company has a market cap of $24.04 million, a P/E ratio of -0.72 and a beta of 1.26.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of JAKKS Pacific by 0.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,121,230 shares of the company’s stock worth $2,142,000 after purchasing an additional 17,030 shares during the period. Virtu Financial LLC acquired a new position in shares of JAKKS Pacific in the 1st quarter worth approximately $37,000. Citigroup Inc. lifted its position in shares of JAKKS Pacific by 81.2% in the 4th quarter. Citigroup Inc. now owns 146,282 shares of the company’s stock worth $215,000 after purchasing an additional 65,543 shares during the period. Vanguard Group Inc. lifted its position in shares of JAKKS Pacific by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 989,352 shares of the company’s stock worth $2,523,000 after purchasing an additional 97,196 shares during the period. Finally, Vanguard Group Inc lifted its position in shares of JAKKS Pacific by 10.9% in the 3rd quarter. Vanguard Group Inc now owns 989,352 shares of the company’s stock worth $2,523,000 after purchasing an additional 97,196 shares during the period. Hedge funds and other institutional investors own 42.10% of the company’s stock.
JAKKS Pacific Company Profile
JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates through three segments: U.S. and Canada, International, and Halloween. It 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, inflatable environments, tents, and wagons.
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