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

JAKKS Pacific (NASDAQ:JAKK) posted its quarterly earnings data 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 net margin of 4.87% and a return on equity of 15.27%.

JAKKS Pacific Stock Performance

Shares of NASDAQ JAKK traded down $0.11 during trading on Thursday, hitting $34.82. 230,035 shares of the company were exchanged, compared to its average volume of 105,316. The company has a fifty day moving average price of $29.16 and a 200-day moving average price of $26.96. The firm has a market capitalization of $382.67 million, a PE ratio of 12.80 and a beta of 2.22. JAKKS Pacific has a 12-month low of $17.06 and a 12-month high of $36.35.

Wall Street Analysts Forecast Growth

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

JAKKS Pacific Company Profile

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.