Brokerages Anticipate Funko Inc (FNKO) Will Announce Quarterly Sales of $197.18 Million

Equities research analysts expect Funko Inc (NASDAQ:FNKO) to post sales of $197.18 million for the current quarter, according to Zacks. Five analysts have issued estimates for Funko’s earnings, with estimates ranging from $194.10 million to $202.12 million. Funko reported sales of $169.47 million in the same quarter last year, which indicates a positive year over year growth rate of 16.4%. The business is expected to announce its next earnings results after the market closes on Thursday, February 28th.

On average, analysts expect that Funko will report full year sales of $650.03 million for the current year, with estimates ranging from $647.00 million to $654.97 million. For the next year, analysts forecast that the business will post sales of $742.33 million, with estimates ranging from $724.90 million to $764.73 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Funko.

FNKO has been the subject of a number of research reports. BMO Capital Markets increased their price target on Funko from $10.50 to $12.00 and gave the company a “market perform” rating in a research note on Thursday, November 15th. Piper Jaffray Companies set a $21.00 price target on Funko and gave the company a “buy” rating in a research note on Monday, January 14th. Zacks Investment Research raised Funko from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, January 24th. Finally, Jefferies Financial Group set a $23.00 price target on Funko and gave the company a “buy” rating in a research note on Wednesday, November 28th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Funko has an average rating of “Buy” and an average target price of $19.00.

In other Funko news, President Andrew Mark Perlmutter sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $18.01, for a total transaction of $180,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Richard L. Mcnally sold 52,335 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $18.61, for a total value of $973,954.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 242,335 shares of company stock worth $4,318,154. Company insiders own 18.39% of the company’s stock.

A number of hedge funds have recently modified their holdings of FNKO. Sun Life Financial INC purchased a new stake in shares of Funko in the fourth quarter worth approximately $61,000. Citigroup Inc. raised its holdings in shares of Funko by 152.7% in the fourth quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock worth $96,000 after buying an additional 4,402 shares during the period. Bank of America Corp DE raised 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 worth $123,000 after buying an additional 3,348 shares during the period. Chicago Equity Partners LLC purchased a new stake in shares of Funko in the fourth quarter worth approximately $160,000. Finally, Rhumbline Advisers raised its holdings in shares of Funko by 50.2% in the fourth quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock worth $178,000 after buying an additional 4,539 shares during the period. Institutional investors and hedge funds own 40.43% of the company’s stock.

Funko stock traded down $0.06 during midday trading on Friday, reaching $19.08. 372,100 shares of the stock traded hands, compared to its average volume of 358,546. Funko has a 12 month low of $7.14 and a 12 month high of $31.12. The firm has a market cap of $923.38 million, a PE ratio of 63.60, a PEG ratio of 1.09 and a beta of 2.76. The company has a current ratio of 1.48, a quick ratio of 0.99 and a debt-to-equity ratio of 0.71.

Funko Company Profile

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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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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