Funko (NASDAQ:FNKO) Releases EF22 Earnings Guide

Funko (NASDAQ:FNKO – Get Rating) updated its FY22 earnings guidance on Thursday. The company provided an earnings per share (EPS) guidance of $1.88-1.99 for the period, compared to the consensus estimate of $1.90. The company released a revenue guidance of $1.30-1.35 billion, compared to the consensus revenue estimate of $1.31 billion. Funko also updated its fiscal 2022 guidance to $1.88 to $1.99 EPS.

Analysts set new price targets

Separately, JPMorgan Chase & Co. upgraded Funko’s stock from a neutral rating to an overweight rating and raised its target price for the company from $25.00 to $28.00 in a report on Thursday, June 23.

Funko stock performance

Funko shares opened at $26.69 on Friday. The company’s fifty-day moving average price is $23.04 and its 200-day moving average price is $19.50. The company has a debt-to-equity ratio of 0.37, a rapid ratio of 1.01 and a current ratio of 1.69. The stock has a market cap of $1.33 billion, a P/E ratio of 23.62, a price-earnings-growth ratio of 0.77 and a beta of 1.91. Funko has a fifty-two-week low of $15.28 and a fifty-two-week high of $27.79.

Funko (NASDAQ:FNKO – Get Rating) last published its quarterly earnings data on Thursday, August 4th. The company reported earnings of $0.26 per share for the quarter, beating the consensus estimate of $0.22 per share by $0.04. The company had revenue of $315.72 million in the quarter, compared to analysts’ expectations of $292.63 million. Funko had a net margin of 4.12% and a return on equity of 18.40%. The business’s quarterly revenue grew 33.7% year-over-year. During the same quarter last year, the company recorded $0.35 per EPS. On average, equity research analysts expect Funko to post 1.68 earnings per share for the current fiscal year.

Internal purchase and sale

In related news, director Kenneth R. Brotman sold 4,720 shares of Funko in a transaction on Thursday, May 19th. The shares sold at an average price of $21.00 for a total value of $99,120.00. Following the transaction, the director now owns 1,180 shares of the company, valued at approximately $24,780. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other Funko news, CEO Andrew Mark Perlmutter sold 41,733 shares of Funko in a transaction dated Tuesday, June 28. The shares sold at an average price of $23.76 for a total value of $991,576.08. Upon completion of the transaction, the CEO now directly owns 94,061 shares of the company, valued at $2,234,889.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In addition, director Kenneth R. Brotman sold 4,720 shares of Funko in a transaction dated Thursday, May 19th. The stock sold at an average price of $21.00 for a total transaction of $99,120.00. Upon completion of the transaction, the director now directly owns 1,180 shares of the company, valued at $24,780. Disclosure for this sale can be found here. Insiders sold a total of 55,148 shares of the company worth $1,288,842 in the last 90 days. 12.56% of the shares are owned by company members.

Institutional Inputs and Outputs

Large investors have recently bought and sold shares in the company. BNP Paribas Arbitrage SA increased its holdings in Funko shares by 11.6% during the first quarter. BNP Paribas Arbitrage SA now owns 8,185 shares of the company valued at $141,000 after purchasing an additional 850 shares during the last quarter. Rhumbline Advisers increased its holdings of Funko stock by 7.4% during the first quarter. Rhumbline Advisers now owns 25,819 shares of the company valued at $445,000 after buying an additional 1,768 shares during the last quarter. Lazard Asset Management LLC increased its holdings of Funko stock by 221.3% during the first quarter. Lazard Asset Management LLC now owns 4,154 shares of the company valued at $71,000 after purchasing an additional 2,861 shares during the last quarter. Federated Hermes Inc. increased its holdings of Funko stock by 1.8% during the first quarter. Federated Hermes Inc. now owns 185,845 shares of the company valued at $3,206,000 after purchasing an additional 3,375 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Funko shares by 9.0% during the first quarter. Swiss National Bank now owns 52,000 shares of the company valued at $897,000 after buying a further 4,300 shares during the last quarter. 66.08% of the shares are owned by hedge funds and other institutional investors.

Funko company profile

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Funko, Inc, a pop culture consumer products company, designs, supplies and distributes licensed pop culture products in the United States, Europe and internationally. The company supplies vinyl, blind miniatures and action figures; fashion accessories, including bags, backpacks and wallets; clothing, such as T-shirts and hats; board games, plush products and accessories such as key chains, pens and brooches; housewares, comprising cups and other home accessories, non-fungible plugs and others.

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