JAKKS Pacific (NASDAQ:JAKK) Releases Earnings Results, Misses Expectations By $0.83 EPS

JAKKS Pacific (NASDAQ:JAKK) issued its earnings results on Thursday. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.83), Zacks reports. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The business had revenue of $130.74 million during the quarter, compared to the consensus estimate of $131.07 million.

JAKKS Pacific Price Performance

JAKK stock traded down $5.90 on Friday, reaching $28.92. The company’s stock had a trading volume of 471,558 shares, compared to its average volume of 115,011. The firm has a fifty day moving average of $29.31 and a two-hundred day moving average of $27.01. The company has a market capitalization of $317.83 million, a P/E ratio of 10.74 and a beta of 2.22. JAKKS Pacific has a 52 week low of $17.06 and a 52 week high of $36.35.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JAKK. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. B. Riley increased their target price on JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $41.67.

JAKKS Pacific Company Profile

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.