Zacks: Analysts Expect Funko, Inc. (NASDAQ:FNKO) Will Post Quarterly Sales of $195.38 Million

Wall Street brokerages expect Funko, Inc. (NASDAQ:FNKO) to announce $195.38 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Funko’s earnings, with estimates ranging from $193.70 million to $197.50 million. Funko posted sales of $213.55 million during the same quarter last year, which suggests a negative year over year growth rate of 8.5%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, March 11th.

On average, analysts expect that Funko will report full year sales of $616.98 million for the current fiscal year, with estimates ranging from $599.31 million to $623.60 million. For the next year, analysts anticipate that the business will report sales of $735.23 million, with estimates ranging from $712.60 million to $755.45 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Funko.

Several brokerages have recently issued reports on FNKO. Zacks Investment Research lowered shares of Funko from a “hold” rating to a “sell” rating in a research report on Thursday, November 12th. Piper Sandler increased their target price on Funko from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Wednesday, January 20th. Stifel Nicolaus lifted their price target on Funko from $6.50 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 21st. Finally, BMO Capital Markets downgraded Funko from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $6.50 to $5.00 in a research note on Thursday, December 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Funko presently has a consensus rating of “Hold” and a consensus target price of $8.54.

NASDAQ:FNKO traded down $0.02 during trading hours on Tuesday, reaching $12.82. The company had a trading volume of 484,662 shares, compared to its average volume of 504,773. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.18. Funko has a 1-year low of $3.12 and a 1-year high of $14.54. The business’s 50 day moving average price is $12.14 and its 200-day moving average price is $8.63. The firm has a market cap of $636.54 million, a PE ratio of -45.96, a price-to-earnings-growth ratio of 2.31 and a beta of 2.41.

A number of institutional investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY purchased a new stake in Funko during the first quarter worth about $85,000. First Trust Advisors LP increased its stake in Funko by 11.8% during the 1st quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock worth $455,000 after buying an additional 2,211 shares during the period. Parcion Private Wealth LLC boosted its position in Funko by 1.8% in the 3rd quarter. Parcion Private Wealth LLC now owns 507,856 shares of the company’s stock valued at $2,915,000 after buying an additional 9,000 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Funko by 444.6% in the third quarter. BNP Paribas Arbitrage SA now owns 5,484 shares of the company’s stock worth $32,000 after acquiring an additional 4,477 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Funko by 3.8% during the third quarter. California Public Employees Retirement System now owns 54,902 shares of the company’s stock worth $318,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 51.28% 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 and internationally. The company offers vinyl, blind-packed miniature, and action figures; plush products; accessories; apparels, such as t-shirts and hats; homewares, including drinkware, party lights and other home accessories; and bags, purses and wallets, and board games.

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