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Jul 20, 2023

Q3 2023 EPS Estimates for JAKKS Pacific, Inc. (NASDAQ:JAKK) Lowered by Zacks Research

JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) - Zacks Research reduced their Q3 2023 earnings estimates for shares of JAKKS Pacific in a research report issued to clients and investors on Monday,

JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) - Zacks Research reduced their Q3 2023 earnings estimates for shares of JAKKS Pacific in a research report issued to clients and investors on Monday, August 28th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings per share of $3.21 for the quarter, down from their previous forecast of $3.22. The consensus estimate for JAKKS Pacific's current full-year earnings is $1.94 per share. Zacks Research also issued estimates for JAKKS Pacific's FY2024 earnings at $2.13 EPS and FY2025 earnings at $1.19 EPS.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.82. The business had revenue of $166.93 million for the quarter, compared to analysts' expectations of $154.43 million. JAKKS Pacific had a net margin of 9.60% and a return on equity of 20.64%.

Separately, StockNews.com assumed coverage on shares of JAKKS Pacific in a research note on Thursday, August 17th. They set a "buy" rating on the stock.

Get Our Latest Analysis on JAKK

JAKK opened at $20.02 on Thursday. JAKKS Pacific has a fifty-two week low of $13.67 and a fifty-two week high of $27.87. The firm's fifty day moving average is $19.49 and its 200 day moving average is $19.94. The stock has a market cap of $201.60 million, a price-to-earnings ratio of 2.97 and a beta of 2.17.

A number of large investors have recently modified their holdings of JAKK. Kovack Advisors Inc. increased its holdings in JAKKS Pacific by 7.0% in the 1st quarter. Kovack Advisors Inc. now owns 22,898 shares of the company's stock valued at $396,000 after acquiring an additional 1,500 shares during the last quarter. Crown Advisors Management Inc. bought a new stake in JAKKS Pacific in the 1st quarter valued at $501,000. Janney Montgomery Scott LLC increased its holdings in JAKKS Pacific by 6.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,410 shares of the company's stock valued at $200,000 after acquiring an additional 716 shares during the last quarter. LSV Asset Management bought a new stake in JAKKS Pacific in the 1st quarter valued at $314,000. Finally, Simplicity Solutions LLC increased its holdings in JAKKS Pacific by 13.5% in the 1st quarter. Simplicity Solutions LLC now owns 15,575 shares of the company's stock valued at $269,000 after acquiring an additional 1,857 shares during the last quarter. Hedge funds and other institutional investors own 48.39% of the company's stock.

JAKKS Pacific, Inc engages in the design, development, and sale of toys, consumables, electronics, kids indoor and outdoor furniture, and other consumer products. It operates through the Toys and Consumer Products and Costumes segments. The Toys and Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand held role play toys and everyday costume play, foot to floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids indoor and outdoor furniture, and related products, and makeup and skincare products.

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