Needham & Company Maintains a 'Hold' on JAKKS Pacific (JAKK); Raising Estimates on Q1 Beat
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Price: $25.70 --0%
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on JAKKS Pacific (NASDAQ: JAKK).
Analyst, Sean McGowan, said, "JAKK reported 1Q results above our expectations and guidance. While acknowledging our estimates were likely conservative prior
to the report (Sales $65 mm; EPS loss of $0.64) we were surprised by actual 1Q sales of $73.4 mm and EPS of -$0.62...Although 1Q EPS were only $0.02 above our estimate, we raise our 2012 EPS estimate by $0.05 to $1.05 because
amortization costs are likely to remain below prior estimates. Similarly, we raise our ‘13 EPS estimate from $1.20 to $1.25, and have raised our ‘14 EPS estimate from $1.15 to $1.35."
"We maintain our Hold rating, as we believe the current price fairly discounts earnings prospects, but we note that with Monsuno’s solid launch, and Oaktree’s moves, we see little near-term downside risk to the shares."
For an analyst ratings summary and ratings history on JAKKS Pacific click here. For more ratings news on JAKKS Pacific click here.
Shares of JAKKS Pacific closed at $18.02 yesterday.
Analyst, Sean McGowan, said, "JAKK reported 1Q results above our expectations and guidance. While acknowledging our estimates were likely conservative prior
to the report (Sales $65 mm; EPS loss of $0.64) we were surprised by actual 1Q sales of $73.4 mm and EPS of -$0.62...Although 1Q EPS were only $0.02 above our estimate, we raise our 2012 EPS estimate by $0.05 to $1.05 because
amortization costs are likely to remain below prior estimates. Similarly, we raise our ‘13 EPS estimate from $1.20 to $1.25, and have raised our ‘14 EPS estimate from $1.15 to $1.35."
"We maintain our Hold rating, as we believe the current price fairly discounts earnings prospects, but we note that with Monsuno’s solid launch, and Oaktree’s moves, we see little near-term downside risk to the shares."
For an analyst ratings summary and ratings history on JAKKS Pacific click here. For more ratings news on JAKKS Pacific click here.
Shares of JAKKS Pacific closed at $18.02 yesterday.
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