Jefferies Financial Group Brokers Cut Earnings Estimates for JAKKS Pacific, Inc. (JAKK)

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JAKKS Pacific, Inc. (NASDAQ:JAKK) – Analysts at Jefferies Financial Group reduced their Q3 2019 earnings per share estimates for JAKKS Pacific in a report released on Thursday, October 25th. Jefferies Financial Group analyst S. Wissink now expects that the company will earn $0.34 per share for the quarter, down from their prior forecast of $0.38.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a report on Wednesday, July 4th. DA Davidson increased their price target on shares of JAKKS Pacific from $2.50 to $2.75 and gave the company a “neutral” rating in a report on Friday, October 26th. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $2.88.

NASDAQ:JAKK opened at $2.44 on Monday. JAKKS Pacific has a 52 week low of $1.95 and a 52 week high of $3.33. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.47. The company has a market cap of $70.88 million, a PE ratio of -2.39 and a beta of 1.23.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.23). JAKKS Pacific had a negative net margin of 12.15% and a negative return on equity of 56.08%. The firm had revenue of $236.70 million for the quarter, compared to analysts’ expectations of $255.75 million.

A hedge fund recently bought a new stake in JAKKS Pacific stock. Axar Capital Management L.P. acquired a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 141,194 shares of the company’s stock, valued at approximately $462,000. JAKKS Pacific accounts for about 0.1% of Axar Capital Management L.P.’s investment portfolio, making the stock its 5th largest holding. Axar Capital Management L.P. owned about 0.48% of JAKKS Pacific at the end of the most recent reporting period. Hedge funds and other institutional investors own 39.79% of the company’s stock.

About JAKKS Pacific

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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Earnings History and Estimates for JAKKS Pacific (NASDAQ:JAKK)

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