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