Funko (NASDAQ:FNKO) Releases Q2 2024 Earnings Guidance

Funko (NASDAQ:FNKO) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of -0.150–0.080 for the period, compared to the consensus earnings per share estimate of -0.210. The company issued revenue guidance of $225.0 million-$240.0 million, compared to the consensus revenue estimate of $230.2 million. Funko also updated its FY 2024 guidance to EPS.

Funko Price Performance

NASDAQ:FNKO traded up $0.20 during trading hours on Thursday, hitting $6.82. 507,025 shares of the company’s stock traded hands, compared to its average volume of 451,827. The firm has a market cap of $361.93 million, a P/E ratio of -2.08 and a beta of 1.05. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The business’s fifty day simple moving average is $6.20 and its two-hundred day simple moving average is $6.88. Funko has a 52 week low of $5.27 and a 52 week high of $13.42.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $291.24 million during the quarter, compared to analyst estimates of $284.90 million. Funko had a negative net margin of 14.06% and a negative return on equity of 20.78%. On average, research analysts anticipate that Funko will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on Funko in a report on Wednesday, April 10th. They set a buy rating and a $10.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Funko has a consensus rating of Hold and an average target price of $8.92.

Insider Activity at Funko

In other news, CFO Steve Nave sold 6,352 shares of Funko stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $7.08, for a total transaction of $44,972.16. Following the sale, the chief financial officer now owns 65,883 shares of the company’s stock, valued at approximately $466,451.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Funko news, CFO Steve Nave sold 6,352 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $7.08, for a total value of $44,972.16. Following the sale, the chief financial officer now directly owns 65,883 shares of the company’s stock, valued at $466,451.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tracy D. Daw sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $6.08, for a total value of $45,600.00. Following the transaction, the insider now owns 58,670 shares of the company’s stock, valued at $356,713.60. The disclosure for this sale can be found here. Insiders have sold a total of 34,972 shares of company stock worth $223,485 in the last 90 days. Company insiders own 4.81% of the company’s stock.

About Funko

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 media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.