Analysts predict that JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce sales of $120.80 million for the current quarter, according to Zacks. Two analysts have made estimates for JAKKS Pacific’s earnings, with the highest sales estimate coming in at $125.00 million and the lowest estimate coming in at $116.60 million. JAKKS Pacific reported sales of $136.63 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.6%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that JAKKS Pacific will report full year sales of $556.30 million for the current year, with estimates ranging from $552.10 million to $560.50 million. For the next year, analysts forecast that the business will report sales of $581.70 million, with estimates ranging from $571.70 million to $591.70 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for JAKKS Pacific.
Get JAKKS Pacific alerts:Separately, Zacks Investment Research cut JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th.
Several institutional investors have recently bought and sold shares of JAKK. Vanguard Group Inc raised its holdings in shares of JAKKS Pacific by 10.9% during the 3rd quarter. Vanguard Group Inc now owns 989,352 shares of the company’s stock worth $2,523,000 after buying an additional 97,196 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of JAKKS Pacific by 10.9% during the 3rd quarter. Vanguard Group Inc. now owns 989,352 shares of the company’s stock worth $2,523,000 after buying an additional 97,196 shares in the last quarter. Citigroup Inc. raised its holdings in shares of JAKKS Pacific by 81.2% during the 4th quarter. Citigroup Inc. now owns 146,282 shares of the company’s stock worth $215,000 after buying an additional 65,543 shares in the last quarter. Finally, Bridgeway Capital Management Inc. raised its holdings in shares of JAKKS Pacific by 17.6% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 173,000 shares of the company’s stock worth $441,000 after buying an additional 25,900 shares in the last quarter. 39.24% of the stock is owned by institutional investors.
NASDAQ JAKK traded down $0.03 during midday trading on Monday, hitting $1.53. The company had a trading volume of 67,400 shares, compared to its average volume of 55,162. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.47 and a quick ratio of 1.20. JAKKS Pacific has a twelve month low of $1.34 and a twelve month high of $3.33. The stock has a market capitalization of $59.80 million, a PE ratio of -1.22 and a beta of 1.48.
JAKKS Pacific Company Profile
JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates in three segments: U.S. and Canada, International, and Halloween. It 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 toys; private label products; and foot-to-floor ride-on toys, inflatable environments, tents, and wagons.
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