Funko Inc (FNKO) Expected to Announce Earnings of $0.23 Per Share
Equities analysts expect Funko Inc (NASDAQ:FNKO) to report earnings per share of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Funko’s earnings, with estimates ranging from $0.22 to $0.25. The company is scheduled to report its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Funko will report full-year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.74. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.80 to $0.96. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Funko.
Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Funko had a net margin of 2.70% and a return on equity of 9.68%. The firm had revenue of $138.70 million during the quarter, compared to the consensus estimate of $122.54 million. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its stake in shares of Funko by 213.2% in the 2nd quarter. Millennium Management LLC now owns 84,409 shares of the company’s stock valued at $1,059,000 after buying an additional 57,455 shares in the last quarter. PEAK6 Investments L.P. raised its stake in shares of Funko by 187.5% in the 2nd quarter. PEAK6 Investments L.P. now owns 49,036 shares of the company’s stock valued at $615,000 after buying an additional 31,982 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Funko by 51.9% in the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $123,000 after buying an additional 3,348 shares in the last quarter. Feinberg Stephen acquired a new position in shares of Funko in the 2nd quarter valued at $2,242,000. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Funko in the 2nd quarter valued at $899,000. Institutional investors own 37.57% of the company’s stock.
Shares of Funko stock opened at $20.03 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.55 and a quick ratio of 1.03. Funko has a fifty-two week low of $5.81 and a fifty-two week high of $31.12.
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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