Funko Inc (NASDAQ:FNKO) Expected to Announce Earnings of $0.31 Per Share

Brokerages expect that Funko Inc (NASDAQ:FNKO) will report $0.31 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Funko’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.30. Funko reported earnings per share of $0.27 during the same quarter last year, which indicates a positive year over year growth rate of 14.8%. The business is scheduled to report its next earnings report on Thursday, November 14th.

On average, analysts expect that Funko will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.15 to $1.25. For the next fiscal year, analysts anticipate that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Funko.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.15. Funko had a return on equity of 17.28% and a net margin of 2.00%. The business had revenue of $191.20 million for the quarter, compared to analysts’ expectations of $170.69 million. During the same quarter last year, the firm earned $0.07 earnings per share. The business’s revenue was up 37.8% on a year-over-year basis.



Several equities research analysts have recently issued reports on FNKO shares. Bank of America raised their price objective on Funko from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Stifel Nicolaus raised their price objective on Funko from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 9th. BMO Capital Markets raised their price objective on Funko from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday. ValuEngine cut Funko from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, DA Davidson lifted their target price on Funko from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Funko has an average rating of “Buy” and an average target price of $27.56.

In related news, major shareholder Fifth Street Station Llc acquired 245,224 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were bought at an average cost of $19.99 per share, with a total value of $4,902,027.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Andrew Mark Perlmutter sold 55,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $23.01, for a total value of $1,265,550.00. The disclosure for this sale can be found here. In the last quarter, insiders purchased 476,418 shares of company stock worth $9,723,183 and sold 1,684,516 shares worth $40,222,458. 16.26% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in FNKO. BlackRock Inc. raised its position in Funko by 41.3% in the second quarter. BlackRock Inc. now owns 1,051,073 shares of the company’s stock valued at $25,457,000 after purchasing an additional 307,444 shares during the period. Calamos Advisors LLC purchased a new position in Funko in the second quarter valued at about $5,659,000. Marshall Wace LLP purchased a new position in Funko in the first quarter valued at about $4,597,000. JPMorgan Chase & Co. raised its position in Funko by 108.6% in the second quarter. JPMorgan Chase & Co. now owns 306,194 shares of the company’s stock valued at $7,728,000 after purchasing an additional 159,409 shares during the period. Finally, Bank of America Corp DE raised its position in Funko by 69.6% in the second quarter. Bank of America Corp DE now owns 356,557 shares of the company’s stock valued at $8,635,000 after purchasing an additional 146,293 shares during the period. 46.64% of the stock is currently owned by institutional investors.

Shares of FNKO stock traded down $1.35 during mid-day trading on Thursday, hitting $22.01. 748,998 shares of the company’s stock were exchanged, compared to its average volume of 669,938. Funko has a fifty-two week low of $11.22 and a fifty-two week high of $31.12. The company has a 50-day simple moving average of $23.12. The company has a current ratio of 1.94, a quick ratio of 1.31 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.15 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 1.32 and a beta of 2.09.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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