Equities analysts predict that Funko, Inc. (NASDAQ:FNKO – Get Rating) will report sales of $271.94 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Funko’s earnings, with the lowest sales estimate coming in at $268.60 million and the highest estimate coming in at $275.00 million. Funko reported sales of $189.18 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 43.7%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Funko will report full year sales of $1.26 billion for the current fiscal year, with estimates ranging from $1.25 billion to $1.27 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.38 billion, with estimates ranging from $1.37 billion to $1.39 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Funko.
Funko (NASDAQ:FNKO – Get Rating) last announced its quarterly earnings data on Thursday, March 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.14. Funko had a net margin of 4.27% and a return on equity of 18.00%. The firm had revenue of $336.30 million for the quarter, compared to analysts’ expectations of $272.49 million. During the same period last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 48.5% on a year-over-year basis.
In related news, Director Equity Genpar L.L.C. Acon sold 712,845 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Woodson Capital Management, Lp sold 264,779 shares of the business’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $17.60, for a total transaction of $4,660,110.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,651,790 shares of company stock worth $31,525,529. Insiders own 14.79% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new stake in Funko during the 4th quarter worth about $33,000. C M Bidwell & Associates Ltd. bought a new stake in Funko during the 3rd quarter worth about $40,000. New York State Teachers Retirement System lifted its position in Funko by 130.0% during the 4th quarter. New York State Teachers Retirement System now owns 2,300 shares of the company’s stock worth $43,000 after buying an additional 1,300 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new stake in Funko during the 1st quarter worth about $85,000. Finally, BNP Paribas Arbitrage SA lifted its position in Funko by 425.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,719 shares of the company’s stock worth $104,000 after buying an additional 4,630 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.
FNKO stock traded up $0.79 during midday trading on Friday, reaching $17.93. The company’s stock had a trading volume of 10,563 shares, compared to its average volume of 494,705. Funko has a 52 week low of $15.28 and a 52 week high of $27.20. The stock has a market cap of $910.63 million, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.26 and a beta of 2.21. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $17.45 and its 200-day simple moving average is $17.59.
About Funko (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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