Funko (NASDAQ:FNKO) Issues FY 2021 Earnings Guidance

Funko (NASDAQ:FNKO) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $1.200-$1.310 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.150. The company issued revenue guidance of $950 million-$975 million, compared to the consensus revenue estimate of $922.08 million.

Several research analysts have recently weighed in on FNKO shares. DA Davidson lifted their price target on shares of Funko from $32.00 to $34.00 and gave the stock a buy rating in a research note on Monday, November 8th. Zacks Investment Research raised Funko from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Monday, November 15th. Finally, Jefferies Financial Group raised Funko from a hold rating to a buy rating and boosted their price target for the company from $21.00 to $25.00 in a report on Tuesday, August 31st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and an average target price of $22.81.

Funko stock traded down $0.49 during mid-day trading on Thursday, hitting $17.51. The stock had a trading volume of 422,111 shares, compared to its average volume of 1,175,476. Funko has a one year low of $8.30 and a one year high of $27.20. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $888.14 million, a P/E ratio of 17.00, a P/E/G ratio of 0.41 and a beta of 2.27. The firm’s 50 day moving average is $18.12 and its 200 day moving average is $19.89.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, November 4th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Funko had a return on equity of 17.56% and a net margin of 4.47%. The firm had revenue of $267.70 million during the quarter, compared to analyst estimates of $240.74 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. As a group, equities research analysts forecast that Funko will post 1.06 earnings per share for the current year.

In other news, CEO Brian Richard Mariotti sold 24,728 shares of the firm’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $19.87, for a total transaction of $491,345.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth R. Brotman sold 59,867 shares of the firm’s stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $20.28, for a total value of $1,214,102.76. The disclosure for this sale can be found here. Insiders sold a total of 208,051 shares of company stock valued at $4,094,797 over the last 90 days. 14.79% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in FNKO. BNP Paribas Arbitrage SA boosted its stake in shares of Funko by 425.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,719 shares of the company’s stock worth $104,000 after purchasing an additional 4,630 shares during the period. Royal Bank of Canada lifted its stake in Funko by 9.9% in the third quarter. Royal Bank of Canada now owns 11,555 shares of the company’s stock worth $211,000 after purchasing an additional 1,037 shares during the last quarter. Invesco Ltd. lifted its stake in Funko by 11.4% in the third quarter. Invesco Ltd. now owns 61,733 shares of the company’s stock worth $1,124,000 after purchasing an additional 6,337 shares during the last quarter. UBS Group AG boosted its position in shares of Funko by 38.5% during the third quarter. UBS Group AG now owns 68,068 shares of the company’s stock valued at $1,240,000 after buying an additional 18,922 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Funko by 262.0% during the second quarter. Wells Fargo & Company MN now owns 60,317 shares of the company’s stock valued at $1,284,000 after buying an additional 43,656 shares during the last quarter. Institutional investors own 67.81% of the company’s stock.

Funko Company Profile

Funko, Inc engages in designing, sourcing and distribution of licensed pop culture products. Its product lines include media and entertainment content, which comprises movies, TV shows, video games, music and sports. The company was founded in 1998 and is headquartered in Everett, WA.

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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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