Funko (NASDAQ:FNKO) Updates FY 2019 Earnings Guidance

Funko (NASDAQ:FNKO) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.15-1.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.16. The company issued revenue guidance of $840-850 million, compared to the consensus revenue estimate of $825.28 million.

FNKO traded up $0.59 on Friday, hitting $24.00. 2,763,135 shares of the stock traded hands, compared to its average volume of 722,847. Funko has a 52 week low of $11.22 and a 52 week high of $31.12. The company has a quick ratio of 1.31, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.34 and a beta of 2.09. The business has a fifty day moving average of $23.14.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. Funko had a return on equity of 17.28% and a net margin of 2.00%. The firm had revenue of $191.20 million for the quarter, compared to analyst estimates of $170.69 million. During the same period in the previous year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, research analysts forecast that Funko will post 0.95 earnings per share for the current fiscal year.

FNKO has been the topic of several research reports. Bank of America boosted their price target on Funko from $27.00 to $29.00 and gave the company a buy rating in a research note on Friday. DA Davidson lifted their price objective on Funko from $29.00 to $32.00 and gave the company a buy rating in a report on Friday. Zacks Investment Research raised Funko from a sell rating to a hold rating and set a $25.00 price objective on the stock in a report on Monday, May 6th. ValuEngine downgraded Funko from a hold rating to a sell rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price objective on Funko from $28.00 to $30.00 and gave the company a buy rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $27.33.

In other Funko news, major shareholder Fifth Street Station Llc bought 245,224 shares of Funko stock in a transaction dated Monday, June 3rd. The shares were acquired at an average cost of $19.99 per share, with a total value of $4,902,027.76. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, President Andrew Mark Perlmutter sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $23.01, for a total value of $1,265,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 501,418 shares of company stock worth $10,240,433 and have sold 808,461 shares worth $19,457,231. 16.26% of the stock is currently owned by insiders.

About Funko

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, 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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