Zacks: Analysts Anticipate Funko, Inc. (NASDAQ:FNKO) Will Post Earnings of $0.28 Per Share

Brokerages expect Funko, Inc. (NASDAQ:FNKO) to announce earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Funko’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.22. Funko reported earnings of $0.31 per share in the same quarter last year, which would suggest a negative year over year growth rate of 9.7%. The company is scheduled to issue its next earnings report on Thursday, November 4th.

On average, analysts expect that Funko will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.26. For the next fiscal year, analysts anticipate that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.20 to $1.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Funko.

Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, August 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.29. Funko had a return on equity of 17.42% and a net margin of 4.63%. The company had revenue of $236.11 million during the quarter, compared to the consensus estimate of $204.77 million.

Several brokerages have issued reports on FNKO. TheStreet cut shares of Funko from a “b-” rating to a “c+” rating in a report on Thursday, July 8th. Zacks Investment Research lowered Funko from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 16th. DA Davidson raised their price target on shares of Funko from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, August 6th. Finally, Jefferies Financial Group raised shares of Funko from a “hold” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $25.00 in a report on Tuesday, August 31st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.63.

Shares of NASDAQ FNKO traded down $0.28 on Tuesday, reaching $18.12. 295,725 shares of the company’s stock traded hands, compared to its average volume of 1,364,073. The business’s 50 day simple moving average is $18.87 and its two-hundred day simple moving average is $20.32. Funko has a 12 month low of $5.34 and a 12 month high of $27.20. The company has a market cap of $914.12 million, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 0.66 and a beta of 2.41. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 0.44.

In related news, Director Adam M. Kriger sold 63,889 shares of the stock in a transaction dated Friday, June 18th. The shares were sold at an average price of $21.08, for a total value of $1,346,780.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Equity Genpar L.L.C. Acon sold 303,197 shares of the company’s stock in a transaction that occurred on Wednesday, August 25th. The shares were sold at an average price of $20.49, for a total value of $6,212,506.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,171,789 shares of company stock valued at $24,888,620. Company insiders own 14.79% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in shares of Funko by 2.1% in the first quarter. California State Teachers Retirement System now owns 37,101 shares of the company’s stock valued at $730,000 after purchasing an additional 765 shares during the period. The Manufacturers Life Insurance Company raised its position in Funko by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,809 shares of the company’s stock valued at $336,000 after purchasing an additional 790 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Funko by 8.7% in the 2nd quarter. Royal Bank of Canada now owns 10,518 shares of the company’s stock worth $224,000 after buying an additional 840 shares during the period. Blueshift Asset Management LLC grew its position in shares of Funko by 5.3% during the 1st quarter. Blueshift Asset Management LLC now owns 20,302 shares of the company’s stock worth $400,000 after buying an additional 1,026 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Funko by 93.3% during the second quarter. Legal & General Group Plc now owns 4,095 shares of the company’s stock valued at $87,000 after buying an additional 1,976 shares during the period. 66.32% of the stock is owned by hedge funds and other institutional investors.

About Funko

Funko, Inc engages in designing, sourcing and distribution of licensed pop culture products. Its product lines include media and entertainment content, which comprises movies, TV shows, video games, music and sports. The company was founded in 1998 and is headquartered in Everett, WA.

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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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