Analysts Set Expectations for Funko Inc’s FY2019 Earnings (NASDAQ:FNKO)

Funko Inc (NASDAQ:FNKO) – Equities research analysts at SunTrust Banks issued their FY2019 earnings per share (EPS) estimates for Funko in a note issued to investors on Monday, February 10th. SunTrust Banks analyst M. Swartz anticipates that the company will post earnings of $0.76 per share for the year. SunTrust Banks currently has a “Buy” rating and a $12.00 price target on the stock. SunTrust Banks also issued estimates for Funko’s Q4 2019 earnings at $0.13 EPS, Q1 2020 earnings at ($0.03) EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $0.83 EPS.

Several other equities analysts have also recently weighed in on FNKO. Piper Jaffray Companies decreased their price target on shares of Funko from $30.00 to $24.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Zacks Investment Research cut shares of Funko from a “hold” rating to a “strong sell” rating in a research note on Monday, February 10th. BMO Capital Markets decreased their price target on shares of Funko from $18.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. DA Davidson cut shares of Funko from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $11.00 in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut shares of Funko from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $29.00 to $9.50 in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.45.

Shares of FNKO opened at $9.71 on Thursday. The stock has a market capitalization of $423.99 million, a P/E ratio of 13.49, a P/E/G ratio of 0.56 and a beta of 1.89. Funko has a twelve month low of $8.29 and a twelve month high of $27.89. The company has a 50 day moving average of $14.64 and a 200-day moving average of $18.09. The company has a quick ratio of 1.15, a current ratio of 1.72 and a debt-to-equity ratio of 0.88.

In other Funko news, Director Charles D. Denson purchased 36,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $13.84 per share, with a total value of $498,240.00. Following the purchase, the director now directly owns 94,900 shares of the company’s stock, valued at $1,313,416. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 16.26% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNKO. New York State Teachers Retirement System acquired a new stake in shares of Funko in the 4th quarter valued at approximately $27,000. US Bancorp DE acquired a new stake in shares of Funko in the 4th quarter valued at approximately $36,000. Bank of Montreal Can boosted its holdings in shares of Funko by 76.3% in the 4th quarter. Bank of Montreal Can now owns 2,762 shares of the company’s stock valued at $47,000 after buying an additional 1,195 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of Funko in the 2nd quarter valued at approximately $62,000. Finally, Citigroup Inc. boosted its holdings in shares of Funko by 172.8% in the 4th quarter. Citigroup Inc. now owns 4,452 shares of the company’s stock valued at $76,000 after buying an additional 2,820 shares during the last quarter. 63.16% of the stock is owned by institutional investors.

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, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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