$0.42 EPS Expected for Funko Inc (NASDAQ:FNKO) This Quarter

Wall Street analysts forecast that Funko Inc (NASDAQ:FNKO) will report $0.42 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Funko’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.46. Funko reported earnings per share of $0.44 in the same quarter last year, which indicates a negative year over year growth rate of 4.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Funko will report full year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.25. For the next fiscal year, analysts expect that the company will report earnings of $1.42 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Funko.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. Funko had a return on equity of 17.93% and a net margin of 2.69%. The firm had revenue of $223.31 million during the quarter, compared to analyst estimates of $220.44 million. During the same period in the prior year, the business posted $0.27 EPS. Funko’s revenue was up 26.2% on a year-over-year basis.

FNKO has been the subject of a number of analyst reports. DA Davidson dropped coverage on Funko in a research note on Friday, November 1st. They issued a $32.00 price target for the company. Piper Jaffray Companies set a $30.00 price target on Funko and gave the stock a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus set a $25.00 price target on Funko and gave the stock a “buy” rating in a research note on Monday, November 4th. BMO Capital Markets cut their price objective on Funko from $22.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Finally, Zacks Investment Research lowered Funko from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.44.

In other news, Director Adam M. Kriger sold 3,600,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.42, for a total transaction of $91,512,000.00. Also, CEO Brian Richard Mariotti sold 400,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.42, for a total value of $10,168,000.00. In the last 90 days, insiders have sold 4,225,333 shares of company stock valued at $106,418,424. Company insiders own 16.26% of the company’s stock.

Large investors have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc bought a new position in shares of Funko in the 2nd quarter valued at about $31,000. Bank of Montreal Can lifted its holdings in shares of Funko by 7,766.7% in the 2nd quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock valued at $34,000 after acquiring an additional 1,398 shares during the last quarter. Royal Bank of Canada bought a new position in shares of Funko in the 2nd quarter valued at about $62,000. Meeder Asset Management Inc. bought a new position in shares of Funko in the 3rd quarter valued at about $81,000. Finally, Metropolitan Life Insurance Co NY bought a new position in shares of Funko in the 1st quarter valued at about $85,000. 54.40% of the stock is owned by hedge funds and other institutional investors.

FNKO stock traded down $0.10 during trading on Thursday, reaching $14.06. The company’s stock had a trading volume of 914,400 shares, compared to its average volume of 796,214. Funko has a 1 year low of $11.22 and a 1 year high of $27.89. The company has a quick ratio of 1.15, a current ratio of 1.72 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $711.10 million, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 0.70 and a beta of 2.00. The company’s fifty day moving average is $17.88 and its 200-day moving average is $21.37.

Funko Company Profile

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.

Featured Article: Dividend

Get a free copy of the Zacks research report on Funko (FNKO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Funko (NASDAQ:FNKO)

Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.