JAKKS Pacific Stock Earnings Estimates Cut by Zacks Research

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Analysts at Zacks Research decreased their Q3 2028 earnings per share estimates for JAKKS Pacific in a research report issued on Wednesday, September 23rd. Zacks Research analyst Team now expects that the company will post earnings of $2.70 per share for the quarter, down from their previous forecast of $2.71. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for JAKKS Pacific’s current full-year earnings is $1.38 per share.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of JAKKS Pacific in a report on Friday, September 11th. Wall Street Zen raised shares of JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

JAKKS Pacific Trading Up 6.5%

NASDAQ JAKK opened at $27.15 on Friday. JAKKS Pacific has a 12 month low of $14.86 and a 12 month high of $27.22. The stock has a market cap of $310.60 million, a PE ratio of 19.53 and a beta of 1.32. The stock’s 50 day moving average is $25.20 and its 200 day moving average is $23.15.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.31. The firm had revenue of $139.24 million during the quarter, compared to analyst estimates of $123.01 million. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%.

Institutional Trading of JAKKS Pacific

Hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc. purchased a new position in JAKKS Pacific in the second quarter worth about $4,784,000. Bank of New York Mellon Corp bought a new stake in JAKKS Pacific during the second quarter worth approximately $988,000. Bank of America Corp DE raised its position in JAKKS Pacific by 1.3% during the first quarter. Bank of America Corp DE now owns 37,962 shares of the company’s stock valued at $756,000 after purchasing an additional 494 shares during the period. Royal Bank of Canada raised its position in JAKKS Pacific by 543.6% during the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock valued at $41,000 after purchasing an additional 1,745 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of JAKKS Pacific by 9.5% in the 1st quarter. Empowered Funds LLC now owns 64,318 shares of the company’s stock valued at $1,281,000 after purchasing an additional 5,577 shares during the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

JAKKS Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Friday, August 28th were issued a $0.25 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.7%. JAKKS Pacific’s payout ratio is 71.94%.

About JAKKS Pacific

JAKKS Pacific, Inc is a toy and consumer products company that designs, develops, produces and markets toys and related products for children and families. Its portfolio includes action figures, dolls, role-play products, vehicles, games, electronics, outdoor products and seasonal merchandise.

The company develops products under its own brands and through licenses based on entertainment, character and video game properties. Its portfolio has included brands such as Maui, Airwalk and Disguise, along with licensed products associated with properties from companies including Disney and Nintendo.