Wall Street brokerages expect Funko Inc (NASDAQ:FNKO) to post sales of $122.76 million for the current quarter, according to Zacks Investment Research. Five analysts have issued 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 company is scheduled to report its next quarterly earnings report on Thursday, August 9th.
On average, 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 company will post sales of $694.25 million per share, with estimates ranging from $680.20 million to $712.36 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Funko.
Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, May 10th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $137.20 million for the quarter, compared to analysts’ expectations of $122.64 million. The company’s quarterly revenue was up 38.4% on a year-over-year basis.
Separately, Zacks Investment Research upgraded Funko from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $12.38.
A number of hedge funds have recently bought and sold shares of FNKO. Element Capital Management LLC bought a new stake in shares of Funko in the 1st quarter valued at approximately $104,000. California State Teachers Retirement System bought a new stake in shares of Funko in the 4th quarter valued at approximately $110,000. TIAA CREF Investment Management LLC bought a new stake in shares of Funko in the 4th quarter valued at approximately $113,000. Teachers Advisors LLC bought a new stake in shares of Funko in the 4th quarter valued at approximately $124,000. Finally, Geode Capital Management LLC bought a new stake in shares of Funko in the 4th quarter valued at approximately $137,000. Institutional investors own 9.84% of the company’s stock.
Shares of NASDAQ:FNKO opened at $11.81 on Friday. The stock has a market cap of $556.55 million and a P/E ratio of 39.37. The company has a current ratio of 1.63, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. Funko has a one year low of $5.81 and a one year high of $12.37.
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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