Q3 2024 Earnings Estimate for JAKKS Pacific, Inc. Issued By Zacks Research (NASDAQ:JAKK)

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Equities research analysts at Zacks Research increased their Q3 2024 EPS estimates for JAKKS Pacific in a research report issued on Tuesday, April 16th. Zacks Research analyst M. Kaushik now expects that the company will earn $3.81 per share for the quarter, up from their prior estimate 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 announced its earnings results on Thursday, February 29th. The company reported ($1.21) earnings per share (EPS) 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.

Several other equities analysts have also weighed in on JAKK. TheStreet lowered shares of JAKKS Pacific from a “b” rating to a “c+” rating in a report on Friday, March 1st. Ascendiant Capital Markets cut their price objective on shares of JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, April 1st.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $22.31 on Thursday. The company’s 50 day simple moving average is $26.75 and its 200 day simple moving average is $27.68. JAKKS Pacific has a fifty-two week low of $15.30 and a fifty-two week high of $36.84. The firm has a market capitalization of $240.90 million, a P/E ratio of 6.54 and a beta of 2.34.

Institutional Investors Weigh In On JAKKS Pacific

Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc raised its holdings in JAKKS Pacific by 32.2% in the fourth quarter. Legal & General Group Plc now owns 1,450 shares of the company’s stock worth $52,000 after purchasing an additional 353 shares during the period. Bank of New York Mellon Corp raised its holdings in JAKKS Pacific by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 23,278 shares of the company’s stock worth $450,000 after purchasing an additional 765 shares during the period. Royal Bank of Canada raised its holdings in JAKKS Pacific by 12.8% in the fourth quarter. Royal Bank of Canada now owns 7,551 shares of the company’s stock worth $269,000 after purchasing an additional 858 shares during the period. Rhumbline Advisers raised its holdings in JAKKS Pacific by 10.2% in the third quarter. Rhumbline Advisers now owns 9,482 shares of the company’s stock worth $176,000 after purchasing an additional 878 shares during the period. Finally, Simplicity Solutions LLC increased its position in shares of JAKKS Pacific by 5.4% during the third quarter. Simplicity Solutions LLC now owns 19,213 shares of the company’s stock worth $357,000 after acquiring an additional 991 shares in the last quarter. 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.