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.

FNKO has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Funko from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Funko from $14.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 10th. BMO Capital Markets increased their price target on shares of Funko from $8.00 to $10.50 and gave the company a “market perform” rating in a report on Monday, August 13th. Piper Jaffray Companies set a $24.00 price target on shares of Funko and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $23.00 price target on shares of Funko in a report on Friday, August 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.94.

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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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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