Brokerages Anticipate Funko Inc (NASDAQ:FNKO) Will Announce Quarterly Sales of $265.34 Million

Equities analysts expect that Funko Inc (NASDAQ:FNKO) will announce sales of $265.34 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Funko’s earnings. The lowest sales estimate is $263.52 million and the highest is $268.60 million. Funko reported sales of $233.22 million in the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The business is scheduled to issue its next earnings report on Thursday, February 27th.

According to Zacks, analysts expect that Funko will report full year sales of $846.70 million for the current fiscal year, with estimates ranging from $845.00 million to $849.90 million. For the next financial year, analysts expect that the firm will post sales of $945.40 million, with estimates ranging from $908.30 million to $969.90 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Funko.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, October 31st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The firm had revenue of $223.31 million during the quarter, compared to analysts’ expectations of $220.44 million. Funko had a net margin of 2.69% and a return on equity of 17.93%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS.

Several equities research analysts have issued reports on the stock. Bank of America dropped coverage on shares of Funko in a report on Saturday, November 2nd. Piper Jaffray Companies set a $30.00 target price on shares of Funko and gave the stock a “buy” rating in a report on Friday, November 1st. Zacks Investment Research lowered shares of Funko from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. BMO Capital Markets lowered their target price on shares of Funko from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Finally, Stifel Nicolaus set a $25.00 target price on shares of Funko and gave the stock a “buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.44.

In other Funko news, CEO Brian Richard Mariotti sold 50,000 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $17.59, for a total transaction of $879,500.00. Also, Director Adam M. Kriger sold 3,600,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.42, for a total transaction of $91,512,000.00. In the last three months, insiders have sold 4,106,250 shares of company stock worth $103,718,813. Insiders own 16.26% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Cavalier Investments LLC bought a new stake in Funko during the 3rd quarter worth about $298,000. Massachusetts Financial Services Co. MA lifted its position in Funko by 2,990.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,281,161 shares of the company’s stock valued at $26,360,000 after purchasing an additional 1,239,709 shares during the period. SG Americas Securities LLC acquired a new position in Funko during the 3rd quarter valued at about $469,000. First Mercantile Trust Co. acquired a new position in Funko during the 3rd quarter valued at about $210,000. Finally, California Public Employees Retirement System lifted its position in Funko by 6.6% during the 3rd quarter. California Public Employees Retirement System now owns 215,866 shares of the company’s stock valued at $4,441,000 after purchasing an additional 13,321 shares during the period. 61.02% of the stock is currently owned by hedge funds and other institutional investors.

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

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.

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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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