JAKKS Pacific (NASDAQ:JAKK) Announces Earnings Results, Misses Estimates By $0.83 EPS

JAKKS Pacific (NASDAQ:JAKK) issued its quarterly earnings results on Thursday. The company reported ($0.88) EPS for the quarter, missing the consensus estimate 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 Stock Performance

JAKK traded down $5.90 during trading on Friday, reaching $28.92. The company had a trading volume of 471,558 shares, compared to its average volume of 115,011. JAKKS Pacific has a 12-month low of $17.06 and a 12-month high of $36.35. The company has a market cap of $317.83 million, a price-to-earnings ratio of 10.74 and a beta of 2.22. The firm’s 50-day simple moving average is $29.31 and its 200 day simple moving average is $27.01.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. B. Riley lifted their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $41.67.

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.