Funko (NASDAQ:FNKO) Releases Q4 2024 Earnings Guidance

Funko (NASDAQ:FNKO) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of -0.050-0.020 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $280.0 million-$294.0 million, compared to the consensus revenue estimate of $316.4 million. Funko also updated its FY 2024 guidance to EPS.

Wall Street Analysts Forecast Growth

FNKO has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. DA Davidson reissued a “buy” rating and issued a $12.00 target price on shares of Funko in a report on Friday, August 9th. Finally, B. Riley raised their price target on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th.

Funko Price Performance

Shares of FNKO traded up $0.65 during mid-day trading on Thursday, reaching $12.22. 630,453 shares of the company’s stock were exchanged, compared to its average volume of 509,532. Funko has a 52-week low of $5.36 and a 52-week high of $12.61. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $11.55 and a two-hundred day simple moving average of $9.84. The company has a market cap of $659.15 million, a price-to-earnings ratio of -14.05 and a beta of 1.21.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The business had revenue of $247.70 million during the quarter, compared to the consensus estimate of $231.04 million. During the same quarter in the previous year, the business earned ($0.53) earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts predict that Funko will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael C. Lunsford sold 5,900 shares of Funko stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $9.55, for a total value of $56,345.00. Following the transaction, the director now owns 98,974 shares in the company, valued at approximately $945,201.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael C. Lunsford sold 5,900 shares of Funko stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the sale, the director now owns 98,974 shares in the company, valued at $945,201.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.00, for a total transaction of $120,000.00. Following the completion of the transaction, the insider now owns 6,362 shares in the company, valued at $76,344. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,805 shares of company stock valued at $415,169. Insiders own 4.81% of the company’s stock.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.