Analysts Expect Funko Inc (NASDAQ:FNKO) to Post $0.42 Earnings Per Share

Share on StockTwits

Wall Street brokerages forecast that Funko Inc (NASDAQ:FNKO) will post earnings of $0.42 per share for the current quarter, Zacks reports. Five analysts have made estimates for Funko’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.46. Funko reported earnings of $0.44 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Funko will report full-year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.25. For the next year, analysts forecast that the firm will report earnings of $1.42 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Funko.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. Funko had a return on equity of 17.93% and a net margin of 2.69%. The firm had revenue of $223.31 million for the quarter, compared to the consensus estimate of $220.44 million. During the same quarter last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year.

A number of equities analysts have recently commented on FNKO shares. Zacks Investment Research cut Funko from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. DA Davidson dropped coverage on Funko in a report on Friday, November 1st. They issued a $32.00 target price for the company. BMO Capital Markets dropped their target price on Funko from $22.00 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 4th. ValuEngine cut Funko from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Piper Jaffray Companies set a $30.00 target price on Funko and gave the stock a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $27.44.

In other news, CEO Brian Richard Mariotti sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.42, for a total value of $10,168,000.00. Also, Director Adam M. Kriger sold 3,600,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.42, for a total value of $91,512,000.00. Insiders have sold a total of 4,106,250 shares of company stock valued at $103,718,813 over the last three months. 16.26% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of FNKO. NumerixS Investment Technologies Inc purchased a new stake in shares of Funko in the second quarter valued at approximately $31,000. Bank of Montreal Can raised its stake in shares of Funko by 7,766.7% in the second quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock valued at $34,000 after acquiring an additional 1,398 shares in the last quarter. Royal Bank of Canada acquired a new stake in Funko in the second quarter valued at $62,000. Meeder Asset Management Inc. acquired a new stake in Funko in the third quarter valued at $81,000. Finally, Metropolitan Life Insurance Co NY acquired a new stake in Funko in the first quarter valued at $85,000. Institutional investors and hedge funds own 61.02% of the company’s stock.

NASDAQ FNKO traded down $0.27 during trading on Thursday, hitting $14.05. 615,434 shares of the stock traded hands, compared to its average volume of 796,335. The company has a market capitalization of $709.61 million, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 0.70 and a beta of 2.00. The firm has a 50-day simple moving average of $17.42 and a 200-day simple moving average of $21.27. The company has a quick ratio of 1.15, a current ratio of 1.72 and a debt-to-equity ratio of 0.88. Funko has a 12-month low of $11.22 and a 12-month high of $27.89.

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.

Recommended Story: Growth Stocks

Get a free copy of the Zacks research report on Funko (FNKO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Funko (NASDAQ:FNKO)

Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Stifel Financial Corp Purchases 4,276 Shares of Alliance Data Systems Co.
Stifel Financial Corp Purchases 4,276 Shares of Alliance Data Systems Co.
State Street Corp Purchases 51,442 Shares of Pattern Energy Group Inc
State Street Corp Purchases 51,442 Shares of Pattern Energy Group Inc
State Street Corp Sells 225,369 Shares of MFA FINL INC/SH
State Street Corp Sells 225,369 Shares of MFA FINL INC/SH
Insider Selling: CBIZ, Inc.  CEO Sells $541,400.00 in Stock
Insider Selling: CBIZ, Inc. CEO Sells $541,400.00 in Stock
State Street Corp Trims Stock Position in Envestnet Inc
State Street Corp Trims Stock Position in Envestnet Inc
Universal Electronics  Downgraded by BidaskClub
Universal Electronics Downgraded by BidaskClub


 
© 2006-2019 Zolmax.