Analysts expect that Funko Inc (NASDAQ:FNKO) will announce sales of $197.18 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Funko’s earnings, with estimates ranging from $194.10 million to $202.12 million. Funko posted sales of $169.47 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.4%. The company is scheduled to issue its next earnings results on Thursday, March 14th.
On average, analysts expect that Funko will report full-year sales of $650.03 million for the current fiscal year, with estimates ranging from $647.00 million to $654.97 million. For the next financial year, analysts forecast that the company will report sales of $742.11 million, with estimates ranging from $724.90 million to $764.73 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Funko.
Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, November 8th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Funko had a return on equity of 10.69% and a net margin of 1.55%. The firm had revenue of $176.90 million for the quarter, compared to analysts’ expectations of $166.07 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year.
FNKO has been the topic of several recent analyst reports. Jefferies Financial Group set a $23.00 target price on Funko and gave the stock a “buy” rating in a report on Wednesday, November 28th. Zacks Investment Research raised Funko from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, October 5th. BMO Capital Markets boosted their target price on Funko from $8.00 to $10.50 and gave the stock a “market perform” rating in a report on Monday, August 13th. JPMorgan Chase & Co. boosted their target price on Funko from $14.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. Finally, Piper Jaffray Companies set a $24.00 target price on Funko and gave the stock a “buy” rating in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $19.88.
Shares of NASDAQ:FNKO opened at $14.37 on Friday. Funko has a 12 month low of $5.81 and a 12 month high of $31.12. The company has a market cap of $713.88 million and a P/E ratio of 47.90. The company has a current ratio of 1.48, a quick ratio of 0.99 and a debt-to-equity ratio of 0.71.
In other Funko news, insider Tracy D. Daw sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $20.36, for a total value of $203,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Andrew Mark Perlmutter sold 55,000 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $20.02, for a total value of $1,101,100.00. The disclosure for this sale can be found here. 18.39% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers bought a new position in shares of Funko in the third quarter valued at $214,000. Trexquant Investment LP bought a new position in shares of Funko in the third quarter valued at $223,000. Bank of America Corp DE increased its holdings in shares of Funko by 51.9% in the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $123,000 after buying an additional 3,348 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Funko in the third quarter valued at $247,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Funko in the second quarter valued at $138,000. 40.35% of the stock is currently owned by institutional investors.
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, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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