Funko (FNKO) Set to Announce Earnings on Thursday

Funko (NASDAQ:FNKO) will post its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Funko to post earnings of ($0.14) per share for the quarter. Funko has set its FY 2024 guidance at EPS and its Q2 2024 guidance at -0.150–0.080 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.10. Funko had a negative return on equity of 16.76% and a negative net margin of 11.46%. The business had revenue of $215.70 million during the quarter, compared to analyst estimates of $218.26 million. On average, analysts expect Funko to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Funko Price Performance

Shares of FNKO opened at $8.58 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.87. The stock has a 50 day simple moving average of $9.50 and a 200 day simple moving average of $7.80. Funko has a 52-week low of $5.27 and a 52-week high of $10.53. The firm has a market capitalization of $459.89 million, a PE ratio of -3.42 and a beta of 1.18.

Insider Transactions at Funko

In related news, insider Andrew David Oddie sold 9,603 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $7.42, for a total value of $71,254.26. Following the sale, the insider now owns 73,781 shares in the company, valued at approximately $547,455.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $8.90, for a total value of $17,800,000.00. Following the sale, the insider now owns 5,129,838 shares in the company, valued at approximately $45,655,558.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew David Oddie sold 9,603 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $7.42, for a total value of $71,254.26. Following the completion of the sale, the insider now owns 73,781 shares in the company, valued at approximately $547,455.02. The disclosure for this sale can be found here. Insiders have sold a total of 2,064,307 shares of company stock worth $18,393,730 in the last 90 days. Corporate insiders own 4.81% of the company’s stock.

Wall Street Analyst Weigh In

FNKO has been the subject of several research analyst reports. DA Davidson boosted their price objective on Funko from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. B. Riley boosted their target price on Funko from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Stifel Nicolaus boosted their target price on Funko from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.50.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.