JAKKS Pacific Q3 Earnings Forecast Cut by Zacks Research

JAKKS Pacific, Inc. (NASDAQ:JAKK – Free Report) – Equities research analysts at Zacks Research cut their Q3 2028 earnings per share estimates for JAKKS Pacific in a report released on Wednesday, September 23rd. Zacks Research analyst Team now expects that the company will post earnings of $2.70 per share for the quarter, down from their prior estimate of $2.71. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for JAKKS Pacific’s current full-year earnings is $1.38 per share.

JAKKS Pacific (NASDAQ:JAKK – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.31. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%.The company had revenue of $139.24 million for the quarter, compared to analyst estimates of $123.01 million.

A number of other analysts have also recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of JAKKS Pacific in a research report on Friday, September 11th. Wall Street Zen raised JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, JAKKS Pacific has an average rating of “Reduce”.

Read Our Latest Analysis on JAKK

JAKKS Pacific Price Performance

JAKKS Pacific stock opened at $25.50 on Friday. The company has a market capitalization of $291.72 million, a PE ratio of 18.35 and a beta of 1.32. JAKKS Pacific has a one year low of $14.86 and a one year high of $27.22. The business has a 50 day simple moving average of $25.15 and a 200 day simple moving average of $23.12.

JAKKS Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Friday, August 28th were paid a $0.25 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.9%. JAKKS Pacific’s dividend payout ratio (DPR) is 71.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of JAKKS Pacific by 543.6% in the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock worth $41,000 after acquiring an additional 1,745 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in JAKKS Pacific by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,508 shares of the company’s stock worth $249,000 after purchasing an additional 1,288 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in JAKKS Pacific by 43.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 16,500 shares of the company’s stock worth $279,000 after purchasing an additional 5,000 shares during the last quarter. Sei Investments Co. lifted its holdings in JAKKS Pacific by 34.4% during the 1st quarter. Sei Investments Co. now owns 17,960 shares of the company’s stock worth $358,000 after buying an additional 4,600 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in JAKKS Pacific by 63.4% during the 1st quarter. Quantinno Capital Management LP now owns 20,317 shares of the company’s stock worth $405,000 after buying an additional 7,885 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

About JAKKS Pacific

(Get Free Report)

JAKKS Pacific, Inc is a toy and consumer products company that designs, develops, produces and markets toys and related products for children and families. Its portfolio includes action figures, dolls, role-play products, vehicles, games, electronics, outdoor products and seasonal merchandise.

The company develops products under its own brands and through licenses based on entertainment, character and video game properties. Its portfolio has included brands such as Maui, Airwalk and Disguise, along with licensed products associated with properties from companies including Disney and Nintendo.

See Also

Earnings History and Estimates for JAKKS Pacific (NASDAQ:JAKK)

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