JAKKS Pacific (NASDAQ:JAKK) Issues Earnings Results, Misses Expectations By $0.51 EPS
JAKKS Pacific (NASDAQ:JAKK) posted its earnings results on Wednesday. The company reported ($4.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($3.87) by ($0.51), MarketWatch Earnings reports. The business had revenue of $78.76 million during the quarter, compared to the consensus estimate of $70.20 million. JAKKS Pacific had a negative net margin of 6.88% and a negative return on equity of 214.89%.
Shares of JAKK stock opened at $5.46 on Friday. JAKKS Pacific has a 1 year low of $3.00 and a 1 year high of $14.60. The firm’s 50 day moving average is $3.04 and its 200-day moving average is $1.27. The firm has a market capitalization of $19.38 million, a price-to-earnings ratio of -0.40 and a beta of 3.18. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 49.89.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating and set a $1.25 price target on the stock in a research report on Monday, June 15th. ValuEngine lowered shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Friday, July 10th.
JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates through 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 products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and wagons.
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