$0.20 EPS Expected for Funko, Inc. (NASDAQ:FNKO) This Quarter

Equities analysts expect Funko, Inc. (NASDAQ:FNKOGet Rating) to post earnings per share (EPS) of $0.20 for the current quarter, according to Zacks. Four analysts have provided estimates for Funko’s earnings, with estimates ranging from $0.05 to $0.30. Funko reported earnings per share of $0.24 in the same quarter last year, which suggests a negative year over year growth rate of 16.7%. The company is scheduled to issue its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Funko will report full year earnings of $1.80 per share for the current year, with EPS estimates ranging from $1.75 to $1.87. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.07 per share, with EPS estimates ranging from $1.98 to $2.22. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Funko.

Funko (NASDAQ:FNKOGet Rating) last posted its quarterly earnings results on Thursday, March 3rd. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.15. The firm had revenue of $336.30 million during the quarter, compared to the consensus estimate of $272.49 million. Funko had a return on equity of 18.00% and a net margin of 4.27%. The business’s revenue was up 48.5% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share.

A number of research firms have weighed in on FNKO. Zacks Investment Research upgraded Funko from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Tuesday, March 8th. DA Davidson lifted their target price on Funko from $34.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, March 4th. BMO Capital Markets lifted their target price on Funko from $18.00 to $21.00 in a research note on Monday, March 7th. Finally, Jefferies Financial Group lifted their target price on Funko from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 4th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $26.99.

In related news, insider Tracy D. Daw sold 1,808 shares of Funko stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $16.24, for a total transaction of $29,361.92. Following the completion of the sale, the insider now directly owns 13,219 shares of the company’s stock, valued at approximately $214,676.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Mark Perlmutter sold 2,466 shares of Funko stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $17.07, for a total value of $42,094.62. Following the sale, the chief executive officer now directly owns 125,494 shares of the company’s stock, valued at $2,142,182.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,431,575 shares of company stock valued at $27,644,790. 12.56% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FNKO. Hood River Capital Management LLC raised its holdings in Funko by 168.6% in the 3rd quarter. Hood River Capital Management LLC now owns 1,393,910 shares of the company’s stock valued at $25,383,000 after acquiring an additional 874,943 shares in the last quarter. North Growth Management Ltd. raised its holdings in Funko by 348.3% in the 4th quarter. North Growth Management Ltd. now owns 269,000 shares of the company’s stock valued at $5,063,000 after acquiring an additional 209,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Funko by 257.0% in the 4th quarter. Renaissance Technologies LLC now owns 267,543 shares of the company’s stock valued at $5,030,000 after acquiring an additional 192,600 shares in the last quarter. BlackRock Inc. raised its holdings in Funko by 11.0% in the 4th quarter. BlackRock Inc. now owns 1,929,027 shares of the company’s stock valued at $36,265,000 after acquiring an additional 191,425 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Funko by 160.8% in the 2nd quarter. Morgan Stanley now owns 286,044 shares of the company’s stock valued at $6,087,000 after acquiring an additional 176,358 shares in the last quarter. 66.08% of the stock is owned by hedge funds and other institutional investors.

FNKO stock opened at $17.75 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $17.32 and a two-hundred day moving average price of $17.47. The company has a market cap of $901.52 million, a price-to-earnings ratio of 16.59, a P/E/G ratio of 0.26 and a beta of 2.11. Funko has a twelve month low of $15.28 and a twelve month high of $27.20.

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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