Q3 2024 EPS Estimates for JAKKS Pacific, Inc. Boosted by Zacks Research (NASDAQ:JAKK)

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Research analysts at Zacks Research boosted their Q3 2024 earnings per share estimates for shares of JAKKS Pacific in a report released on Tuesday, April 16th. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings of $3.81 per share for the quarter, up from their previous forecast of $3.67. The consensus estimate for JAKKS Pacific’s current full-year earnings is $3.73 per share. Zacks Research also issued estimates for JAKKS Pacific’s FY2024 earnings at $3.89 EPS, Q1 2025 earnings at ($0.59) EPS, Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $4.13 EPS, Q4 2025 earnings at ($0.18) EPS, FY2025 earnings at $4.23 EPS, Q1 2026 earnings at ($0.76) EPS and FY2026 earnings at $3.97 EPS.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, February 29th. The company reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.47). JAKKS Pacific had a return on equity of 24.69% and a net margin of 5.24%. The company had revenue of $127.40 million for the quarter, compared to analyst estimates of $136.54 million.

A number of other research analysts have also recently commented on JAKK. TheStreet cut JAKKS Pacific from a “b” rating to a “c+” rating in a research note on Friday, March 1st. Ascendiant Capital Markets lowered their target price on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a report on Monday, April 1st.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $22.15 on Thursday. The firm has a market cap of $239.18 million, a P/E ratio of 6.50 and a beta of 2.34. The firm’s 50 day moving average price is $26.96 and its 200-day moving average price is $27.71. JAKKS Pacific has a one year low of $15.30 and a one year high of $36.84.

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds have recently added to or reduced their stakes in JAKK. UBS Group AG grew its stake in shares of JAKKS Pacific by 357.8% in the fourth quarter. UBS Group AG now owns 1,401 shares of the company’s stock worth $25,000 after acquiring an additional 1,095 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in JAKKS Pacific by 4,676.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,433 shares of the company’s stock worth $25,000 after purchasing an additional 1,403 shares in the last quarter. California State Teachers Retirement System purchased a new stake in JAKKS Pacific during the 2nd quarter worth about $48,000. Legal & General Group Plc raised its position in JAKKS Pacific by 32.2% in the 4th quarter. Legal & General Group Plc now owns 1,450 shares of the company’s stock valued at $52,000 after purchasing an additional 353 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of JAKKS Pacific in the 3rd quarter valued at about $58,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

About JAKKS Pacific

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.