JAKKS Pacific (NASDAQ:JAKK) Issues Quarterly Earnings Results, Misses Expectations By $0.83 EPS

JAKKS Pacific (NASDAQ:JAKKGet Free Report) posted its earnings results on Thursday. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates 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%.

JAKKS Pacific Stock Performance

Shares of NASDAQ:JAKK traded down $0.11 during midday trading on Thursday, reaching $34.82. The company’s stock had a trading volume of 230,035 shares, compared to its average volume of 105,316. JAKKS Pacific has a fifty-two week low of $17.06 and a fifty-two week high of $36.35. The firm has a 50 day moving average price of $29.16 and a two-hundred day moving average price of $26.96. The firm has a market capitalization of $382.67 million, a price-to-earnings ratio of 12.80 and a beta of 2.22.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JAKK. B. Riley boosted 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 raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $41.67.

Get Our Latest Stock Analysis on JAKK

JAKKS Pacific Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for JAKKS Pacific (NASDAQ:JAKK)

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