Zacks: Brokerages Anticipate Funko Inc (FNKO) Will Post Quarterly Sales of $146.87 Million

Equities analysts predict that Funko Inc (NASDAQ:FNKO) will report sales of $146.87 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Funko’s earnings. The lowest sales estimate is $146.77 million and the highest is $147.00 million. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Funko will report full year sales of $146.87 million for the current fiscal year, with estimates ranging from $493.38 million to $493.60 million. For the next fiscal year, analysts forecast that the company will report sales of $566.66 million per share, with estimates ranging from $565.10 million to $568.83 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Funko.

A number of analysts have commented on the stock. Jefferies Group set a $13.00 price target on shares of Funko and gave the company a “buy” rating in a research report on Wednesday, December 6th. Piper Jaffray Companies assumed coverage on shares of Funko in a research report on Monday, November 27th. They set an “overweight” rating and a $12.00 price target on the stock. SunTrust Banks assumed coverage on shares of Funko in a research report on Monday, November 27th. They set a “buy” rating and a $11.00 price target on the stock. Bank of America assumed coverage on shares of Funko in a research report on Monday, November 27th. They set a “buy” rating and a $12.00 price target on the stock. Finally, BMO Capital Markets assumed coverage on shares of Funko in a research report on Monday, November 27th. They set an “outperform” rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $12.38.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dean Capital Investments Management LLC acquired a new position in shares of Funko during the fourth quarter valued at about $109,000. Engineers Gate Manager LP acquired a new position in shares of Funko during the fourth quarter valued at about $122,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Funko during the fourth quarter valued at about $164,000. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Shares of Funko (FNKO) opened at $7.36 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.06 and a debt-to-equity ratio of 1.52. Funko has a 1 year low of $5.81 and a 1 year high of $9.90.

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Funko Company Profile

Funko, Inc is a pop culture consumer products company. The Company is engaged in selling a broad range of pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products combine its proprietary brands and designs into properties it licenses from content providers.

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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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