$76.31 Million in Sales Expected for Funko Inc (NASDAQ:FNKO) This Quarter

Wall Street brokerages expect Funko Inc (NASDAQ:FNKO) to announce sales of $76.31 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Funko’s earnings, with the highest sales estimate coming in at $76.90 million and the lowest estimate coming in at $75.00 million. Funko reported sales of $191.20 million during the same quarter last year, which would suggest a negative year over year growth rate of 60.1%. The firm is expected to issue its next earnings report on Thursday, August 13th.

On average, analysts expect that Funko will report full year sales of $655.72 million for the current financial year, with estimates ranging from $632.50 million to $709.80 million. For the next financial year, analysts anticipate that the firm will report sales of $760.94 million, with estimates ranging from $707.30 million to $823.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Funko.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.11. Funko had a return on equity of 9.89% and a net margin of 0.71%. The company had revenue of $136.70 million during the quarter, compared to analysts’ expectations of $133.98 million.

Several brokerages recently issued reports on FNKO. Jefferies Financial Group lowered Funko from a “buy” rating to a “hold” rating and lowered their target price for the stock from $27.00 to $11.00 in a research report on Thursday, February 6th. Stifel Nicolaus lowered Funko from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $10.00 in a research report on Friday, February 7th. Piper Sandler lowered Funko from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $10.00 to $5.00 in a research report on Wednesday, April 22nd. Zacks Investment Research raised Funko from a “sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, TheStreet lowered Funko from a “c-” rating to a “d+” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.75.

Shares of FNKO traded down $0.06 during trading hours on Monday, reaching $4.78. The stock had a trading volume of 475,790 shares, compared to its average volume of 1,023,597. Funko has a 12 month low of $3.12 and a 12 month high of $27.89. The stock has a market capitalization of $239.51 million, a PE ratio of 28.12, a PEG ratio of 1.24 and a beta of 2.43. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.29 and a current ratio of 1.69. The company’s 50-day moving average is $3.94 and its two-hundred day moving average is $10.20.

A number of institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its holdings in Funko by 82.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,208,491 shares of the company’s stock worth $12,802,000 after acquiring an additional 1,448,006 shares during the period. Morgan Stanley grew its stake in shares of Funko by 777.4% in the 1st quarter. Morgan Stanley now owns 1,017,024 shares of the company’s stock valued at $4,057,000 after buying an additional 901,110 shares during the period. Redwood Investments LLC grew its stake in shares of Funko by 11.8% in the 4th quarter. Redwood Investments LLC now owns 958,255 shares of the company’s stock valued at $16,444,000 after buying an additional 100,759 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Funko by 785.1% in the 4th quarter. Nuveen Asset Management LLC now owns 950,659 shares of the company’s stock valued at $16,313,000 after buying an additional 843,252 shares during the period. Finally, Sepio Capital LLC grew its stake in shares of Funko by 171.2% in the 4th quarter. Sepio Capital LLC now owns 685,392 shares of the company’s stock valued at $11,761,000 after buying an additional 432,654 shares during the period. Hedge funds and other institutional investors own 58.15% of the company’s stock.

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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