Wall Street analysts forecast that Funko Inc (NASDAQ:FNKO) will post earnings of $0.32 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Funko’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.34. Funko posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.5%. The business is expected to issue its next quarterly earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Funko will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.18 to $1.27. For the next financial year, analysts expect that the business 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 firms that cover Funko.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.15. The company had revenue of $191.20 million during the quarter, compared to analysts’ expectations of $170.69 million. Funko had a return on equity of 17.18% and a net margin of 2.00%. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share.

Several equities analysts have recently weighed in on FNKO shares. Zacks Investment Research upgraded Funko from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research report on Thursday, August 15th. ValuEngine lowered Funko from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Bank of America lifted their price objective on Funko from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets lifted their price objective on Funko from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Finally, DA Davidson lifted their price objective on Funko from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.78.

Shares of NASDAQ FNKO traded up $0.01 during mid-day trading on Thursday, hitting $22.49. The company had a trading volume of 3,901 shares, compared to its average volume of 838,528. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 1.12 and a beta of 2.09. Funko has a 1 year low of $11.22 and a 1 year high of $31.12. The company has a current ratio of 1.89, a quick ratio of 1.30 and a debt-to-equity ratio of 0.85. The stock’s 50-day moving average price is $22.93 and its 200-day moving average price is $21.18.

In other Funko news, major shareholder Fundamental Capital Partners, sold 629,746 shares of Funko stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $23.71, for a total transaction of $14,931,277.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fifth Street Station Llc purchased 140,069 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of $20.94 per share, with a total value of $2,933,044.86. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 476,418 shares of company stock valued at $9,723,183 and have sold 1,684,516 shares valued at $40,222,458. 16.26% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc acquired a new position in Funko during the second quarter valued at approximately $31,000. Bank of Montreal Can lifted its position in Funko by 7,766.7% during the second quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock valued at $34,000 after buying an additional 1,398 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Funko by 58,400.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock valued at $51,000 after buying an additional 2,336 shares in the last quarter. Royal Bank of Canada acquired a new position in Funko during the second quarter valued at approximately $62,000. Finally, Metropolitan Life Insurance Co NY acquired a new position in Funko during the first quarter valued at approximately $85,000. 49.25% of the stock is owned by hedge funds and other institutional investors.

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.

Recommended Story: What do I need to know about analyst ratings?

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.