JAKKS Pacific, Inc. Expected to Earn Q2 2024 Earnings of $0.72 Per Share (NASDAQ:JAKK)

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Analysts at Zacks Research boosted their Q2 2024 earnings per share (EPS) estimates for JAKKS Pacific in a report issued on Tuesday, April 16th. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings of $0.72 per share for the quarter, up from their previous forecast of $0.70. The consensus estimate for JAKKS Pacific’s current full-year earnings is $3.73 per share.

JAKK has been the subject of a number of other reports. TheStreet downgraded JAKKS Pacific from a “b” rating to a “c+” rating in a research note on Friday, March 1st. Ascendiant Capital Markets decreased their target price on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, April 1st.

JAKKS Pacific Stock Up 0.7 %

Shares of JAKK stock opened at $22.31 on Wednesday. The business has a 50 day moving average of $26.75 and a two-hundred day moving average of $27.68. JAKKS Pacific has a 52 week low of $15.30 and a 52 week high of $36.84. The company has a market cap of $240.90 million, a P/E ratio of 6.54 and a beta of 2.34.

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

Hedge Funds Weigh In On JAKKS Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in JAKK. Bank of New York Mellon Corp boosted its position in shares of JAKKS Pacific by 11.2% during the first quarter. Bank of New York Mellon Corp now owns 19,545 shares of the company’s stock worth $274,000 after buying an additional 1,972 shares during the period. Vanguard Group Inc. boosted its position in shares of JAKKS Pacific by 10.8% during the first quarter. Vanguard Group Inc. now owns 253,924 shares of the company’s stock worth $3,563,000 after buying an additional 24,695 shares during the period. Engineers Gate Manager LP boosted its position in shares of JAKKS Pacific by 45.2% during the first quarter. Engineers Gate Manager LP now owns 47,011 shares of the company’s stock worth $660,000 after buying an additional 14,625 shares during the period. State Street Corp lifted its position in JAKKS Pacific by 8.0% in the first quarter. State Street Corp now owns 26,109 shares of the company’s stock worth $366,000 after purchasing an additional 1,923 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in JAKKS Pacific in the first quarter worth approximately $208,000. 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.