Analysts predict that Funko Inc (NASDAQ:FNKO) will post $170.98 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Funko’s earnings. The lowest sales estimate is $169.20 million and the highest is $172.40 million. Funko posted sales of $138.72 million in the same quarter last year, which indicates a positive year-over-year growth rate of 23.3%. The business is expected to report its next earnings results on Thursday, August 8th.

On average, analysts expect that Funko will report full-year sales of $825.64 million for the current fiscal year, with estimates ranging from $820.10 million to $830.21 million. For the next year, analysts forecast that the business will report sales of $919.91 million, with estimates ranging from $861.10 million to $954.54 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Funko.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The company had revenue of $166.80 million for the quarter, compared to analysts’ expectations of $159.59 million. Funko had a return on equity of 15.28% and a net margin of 1.48%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share.

A number of research firms recently commented on FNKO. Piper Jaffray Companies set a $27.00 price objective on shares of Funko and gave the company a “buy” rating in a research note on Friday, March 1st. SunTrust Banks raised their price objective on shares of Funko to $26.00 and gave the company a “buy” rating in a research note on Friday, March 1st. BMO Capital Markets raised their price objective on shares of Funko from $12.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Jefferies Financial Group raised their price objective on shares of Funko to $27.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research lowered shares of Funko from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $23.78.

Shares of FNKO traded down $0.10 during mid-day trading on Monday, reaching $21.73. 303,435 shares of the company’s stock traded hands, compared to its average volume of 480,466. The stock has a market cap of $1.07 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 1.25 and a beta of 2.17. The company has a current ratio of 1.94, a quick ratio of 1.31 and a debt-to-equity ratio of 0.72. Funko has a 12 month low of $11.03 and a 12 month high of $31.12.

In other Funko news, insider Russell Eugene Nickel sold 6,850 shares of Funko stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $22.51, for a total value of $154,193.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Andrew Mark Perlmutter sold 55,000 shares of Funko stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $21.54, for a total transaction of $1,184,700.00. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 522,018 shares of company stock worth $10,678,183 and have sold 364,089 shares worth $7,766,299. 16.26% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of FNKO. Prospect Capital Advisors LLC acquired a new position in Funko in the first quarter worth approximately $10,550,000. 12 West Capital Management LP acquired a new position in Funko in the first quarter worth approximately $5,647,000. Marshall Wace LLP acquired a new position in Funko in the first quarter worth approximately $4,597,000. Shellback Capital LP acquired a new position in Funko in the fourth quarter worth approximately $2,080,000. Finally, Timpani Capital Management LLC acquired a new position in Funko in the first quarter worth approximately $2,397,000. Hedge funds and other institutional investors own 45.92% of the company’s stock.

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.

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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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