Funko (FNKO) Expected to Post Quarterly Sales of $121.19 Million

Analysts expect Funko (NASDAQ:FNKO) to announce sales of $121.19 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Funko’s earnings. The highest sales estimate is $126.80 million and the lowest is $110.75 million. The business is expected to issue its next quarterly earnings report on Thursday, June 14th.

On average, analysts expect that Funko will report full year sales of $605.45 million for the current financial year, with estimates ranging from $598.20 million to $610.30 million. For the next fiscal year, analysts expect that the firm will post sales of $684.93 million per share, with estimates ranging from $669.00 million to $693.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Funko.

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Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $169.47 million for the quarter, compared to analysts’ expectations of $146.87 million.

Several brokerages have issued reports on FNKO. Piper Jaffray set a $12.00 price objective on Funko and gave the stock a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research raised Funko from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Finally, BMO Capital Markets lowered Funko from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a report on Tuesday, December 19th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Funko has a consensus rating of “Buy” and an average target price of $12.38.

Shares of FNKO stock traded up $0.07 during mid-day trading on Friday, hitting $8.18. 95,614 shares of the stock were exchanged, compared to its average volume of 256,795. The firm has a market cap of $394.23 and a price-to-earnings ratio of 27.27. Funko has a 12-month low of $5.81 and a 12-month high of $9.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.12 and a current ratio of 1.72.

Large investors have recently made changes to their positions in the stock. Dean Capital Investments Management LLC acquired a new stake in Funko in the fourth quarter valued at about $109,000. California State Teachers Retirement System acquired a new stake in Funko in the fourth quarter valued at about $110,000. TIAA CREF Investment Management LLC acquired a new stake in Funko in the fourth quarter valued at about $113,000. Engineers Gate Manager LP acquired a new stake in Funko in the fourth quarter valued at about $122,000. Finally, Teachers Advisors LLC acquired a new stake in Funko in the fourth quarter valued at about $124,000. Hedge funds and other institutional investors own 39.41% of the company’s stock.

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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, bobble head, 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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