Equities research analysts expect that Funko, Inc. (NASDAQ:FNKO – Get Rating) will post $0.22 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Funko’s earnings, with estimates ranging from $0.19 to $0.29. Funko posted earnings per share of $0.40 in the same quarter last year, which would suggest a negative year-over-year growth rate of 45%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Funko will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.92. For the next year, analysts expect that the firm will post earnings of $2.18 per share, with EPS estimates ranging from $2.07 to $2.28. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Funko.
Funko (NASDAQ:FNKO – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $308.34 million for the quarter, compared to the consensus estimate of $271.99 million. Funko had a net margin of 4.12% and a return on equity of 18.40%. The company’s quarterly revenue was up 63.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS.
In other Funko news, insider Brian Richard Mariotti sold 225,000 shares of the business’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $19.90, for a total transaction of $4,477,500.00. Following the completion of the transaction, the insider now owns 87,426 shares in the company, valued at approximately $1,739,777.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Equity Genpar L.L.C. Acon sold 712,845 shares of the company’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $20.14, for a total value of $14,356,698.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,497,963 shares of company stock valued at $29,257,864. Company insiders own 12.56% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FNKO. Point72 Hong Kong Ltd acquired a new position in shares of Funko in the 4th quarter worth approximately $33,000. C M Bidwell & Associates Ltd. bought a new position in shares of Funko in the 3rd quarter worth $40,000. New York State Teachers Retirement System lifted its holdings in Funko by 130.0% during the fourth quarter. New York State Teachers Retirement System now owns 2,300 shares of the company’s stock worth $43,000 after acquiring an additional 1,300 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of Funko in the 1st quarter valued at about $85,000. Finally, Lazard Asset Management LLC increased its position in shares of Funko by 221.3% in the first quarter. Lazard Asset Management LLC now owns 4,154 shares of the company’s stock valued at $71,000 after acquiring an additional 2,861 shares during the last quarter. Institutional investors own 66.08% of the company’s stock.
NASDAQ:FNKO opened at $18.76 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.69 and a quick ratio of 1.00. The firm has a market cap of $938.19 million, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 0.54 and a beta of 2.11. The company has a 50 day moving average price of $17.89 and a 200-day moving average price of $17.66. Funko has a 1-year low of $15.28 and a 1-year high of $27.20.
Funko Company Profile (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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