Wall Street analysts expect that Funko Inc (NASDAQ:FNKO) will announce sales of $170.92 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Funko’s earnings, with the lowest sales estimate coming in at $169.20 million and the highest estimate coming in at $172.40 million. Funko reported sales of $138.72 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.2%. The company is expected to announce its next quarterly earnings results on Thursday, August 8th.
According to Zacks, analysts expect that Funko will report full-year sales of $825.62 million for the current financial year, with estimates ranging from $820.10 million to $830.21 million. For the next year, analysts anticipate that the business will report sales of $920.06 million, with estimates ranging from $861.10 million to $954.54 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Funko.
Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The business had revenue of $166.80 million for the quarter, compared to analyst estimates of $159.59 million. Funko had a net margin of 1.48% and a return on equity of 15.28%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS.
In related news, insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $20.13, for a total transaction of $201,300.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Andrew Mark Perlmutter sold 55,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $23.01, for a total transaction of $1,265,550.00. The disclosure for this sale can be found here. In the last quarter, insiders have bought 522,018 shares of company stock valued at $10,678,183 and have sold 787,932 shares valued at $18,151,196. 16.26% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its position in Funko by 50.2% during the 4th quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock valued at $178,000 after purchasing an additional 4,539 shares during the period. First Trust Advisors LP increased its holdings in Funko by 24.7% in the 4th quarter. First Trust Advisors LP now owns 18,725 shares of the company’s stock worth $246,000 after acquiring an additional 3,705 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Funko in the 4th quarter worth about $452,000. Bank of New York Mellon Corp grew its holdings in Funko by 54.9% during the 4th quarter. Bank of New York Mellon Corp now owns 47,884 shares of the company’s stock valued at $630,000 after buying an additional 16,964 shares in the last quarter. Finally, Citigroup Inc. lifted its position in Funko by 152.7% in the 4th quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock worth $96,000 after buying an additional 4,402 shares during the last quarter. 45.92% of the stock is owned by institutional investors.
Shares of NASDAQ:FNKO traded up $0.68 during trading on Wednesday, reaching $21.70. 787,288 shares of the company’s stock traded hands, compared to its average volume of 645,094. Funko has a 12 month low of $11.22 and a 12 month high of $31.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.31. The stock has a market cap of $1.05 billion, a PE ratio of 31.91, a P/E/G ratio of 1.24 and a beta of 2.11. The company’s 50 day moving average is $21.97.
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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