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

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Investment analysts at Zacks Research lifted their Q3 2024 EPS estimates for JAKKS Pacific in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now expects that the company will post earnings of $3.81 per share for the quarter, up from their previous estimate of $3.67. The consensus estimate for JAKKS Pacific’s current full-year earnings is $3.89 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 posted its quarterly earnings data on Thursday, February 29th. The company reported ($1.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.47). JAKKS Pacific had a net margin of 5.24% and a return on equity of 24.69%. The company had revenue of $127.40 million for the quarter, compared to analyst estimates of $136.54 million.

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

JAKKS Pacific Trading Up 0.7 %

Shares of JAKK opened at $22.47 on Thursday. JAKKS Pacific has a 1-year low of $15.30 and a 1-year high of $36.84. The stock has a market capitalization of $242.68 million, a P/E ratio of 6.59 and a beta of 2.34. The business’s 50-day moving average price is $26.54 and its 200 day moving average price is $27.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG lifted its holdings in JAKKS Pacific by 357.8% during the 4th quarter. UBS Group AG now owns 1,401 shares of the company’s stock worth $25,000 after buying an additional 1,095 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in JAKKS Pacific by 4,676.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,433 shares of the company’s stock worth $25,000 after buying an additional 1,403 shares during the last quarter. California State Teachers Retirement System acquired a new position in JAKKS Pacific during the second quarter valued at approximately $48,000. Legal & General Group Plc grew its holdings in shares of 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 buying an additional 353 shares during the period. Finally, Deutsche Bank AG acquired a new position in JAKKS Pacific in the third quarter valued at about $58,000. 44.38% of the stock is 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.