Funko Inc (FNKO) Expected to Announce Quarterly Sales of $122.76 Million

Equities research analysts expect Funko Inc (NASDAQ:FNKO) to post sales of $122.76 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Funko’s earnings, with the lowest sales estimate coming in at $117.10 million and the highest estimate coming in at $126.89 million. The business is scheduled to issue its next earnings report on Thursday, August 9th.

According to Zacks, analysts expect that Funko will report full-year sales of $614.80 million for the current financial year, with estimates ranging from $610.30 million to $626.61 million. For the next fiscal year, analysts forecast that the business will post sales of $694.25 million per share, with estimates ranging from $680.20 million to $712.36 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Funko.

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Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $137.20 million during the quarter, compared to analyst estimates of $122.64 million. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year.

Separately, Zacks Investment Research upgraded Funko from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, July 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Funko presently has an average rating of “Buy” and an average target price of $12.67.

A number of hedge funds and other institutional investors have recently modified their holdings of FNKO. California Public Employees Retirement System bought a new position in Funko in the fourth quarter worth about $2,496,000. BlackRock Inc. bought a new position in Funko in the fourth quarter worth about $3,542,000. Allianz Asset Management GmbH bought a new position in Funko in the fourth quarter worth about $831,000. Geode Capital Management LLC bought a new position in Funko in the fourth quarter worth about $137,000. Finally, Deutsche Bank AG bought a new position in Funko in the fourth quarter worth about $157,000. 9.84% of the stock is currently owned by hedge funds and other institutional investors.

Funko opened at $13.82 on Tuesday, MarketBeat.com reports. The stock has a market capitalization of $718.40 million and a P/E ratio of 46.07. Funko has a one year low of $5.81 and a one year high of $15.16. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.63 and a quick ratio of 1.01.

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, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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