Wall Street analysts forecast that Funko, Inc. (NASDAQ:FNKO – Get Rating) will post sales of $271.94 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Funko’s earnings. The highest sales estimate is $275.00 million and the lowest is $268.60 million. Funko posted sales of $189.18 million in the same quarter last year, which suggests a positive year over year growth rate of 43.7%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Funko will report full-year sales of $1.26 billion for the current year, with estimates ranging from $1.25 billion to $1.27 billion. For the next year, analysts expect that the company will post sales of $1.38 billion, with estimates ranging from $1.37 billion to $1.39 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Funko.
Funko (NASDAQ:FNKO – Get Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.24 by $0.14. Funko had a net margin of 4.27% and a return on equity of 18.00%. The business had revenue of $336.30 million for the quarter, compared to analyst estimates of $272.49 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Funko’s quarterly revenue was up 48.5% on a year-over-year basis.
In other news, major shareholder Woodson Capital Management, Lp sold 264,779 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $17.60, for a total transaction of $4,660,110.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adam M. Kriger sold 2,393 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $18.12, for a total transaction of $43,361.16. The disclosure for this sale can be found here. Insiders have sold 1,651,790 shares of company stock valued at $31,525,529 over the last three months. 14.13% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hood River Capital Management LLC increased its holdings in Funko by 168.6% during the third quarter. Hood River Capital Management LLC now owns 1,393,910 shares of the company’s stock valued at $25,383,000 after buying an additional 874,943 shares during the last quarter. North Growth Management Ltd. increased its holdings in Funko by 348.3% during the fourth quarter. North Growth Management Ltd. now owns 269,000 shares of the company’s stock valued at $5,063,000 after buying an additional 209,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Funko by 257.0% during the fourth quarter. Renaissance Technologies LLC now owns 267,543 shares of the company’s stock valued at $5,030,000 after buying an additional 192,600 shares during the last quarter. BlackRock Inc. increased its holdings in Funko by 11.0% during the fourth quarter. BlackRock Inc. now owns 1,929,027 shares of the company’s stock valued at $36,265,000 after buying an additional 191,425 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Funko by 160.8% during the second quarter. Morgan Stanley now owns 286,044 shares of the company’s stock valued at $6,087,000 after buying an additional 176,358 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:FNKO opened at $16.69 on Friday. Funko has a one year low of $15.28 and a one year high of $27.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 1.00. The company’s 50-day simple moving average is $17.46 and its 200 day simple moving average is $17.62. The firm has a market capitalization of $847.69 million, a P/E ratio of 15.60, a PEG ratio of 0.26 and a beta of 2.21.
About Funko (Get Rating)
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.
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