Funko (NASDAQ:FNKO) Updates Q4 2024 Earnings Guidance

Funko (NASDAQ:FNKO) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -0.050-0.020 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

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

Funko Trading Up 5.6 %

NASDAQ FNKO traded up $0.65 during trading on Thursday, hitting $12.22. The stock had a trading volume of 630,453 shares, compared to its average volume of 509,532. Funko has a twelve month low of $5.36 and a twelve month high of $12.61. The firm has a 50 day moving average price of $11.55 and a 200 day moving average price of $9.84. The company has a market capitalization of $659.15 million, a PE ratio of -14.05 and a beta of 1.21. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.25. The firm had revenue of $247.70 million during the quarter, compared to the consensus estimate of $231.04 million. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.53) earnings per share. As a group, equities research analysts forecast that Funko will post -0.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Andrew David Oddie sold 10,800 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the transaction, the insider now owns 40,372 shares in the company, valued at $485,675.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Tracy D. Daw sold 10,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.00, for a total value of $120,000.00. Following the completion of the sale, the insider now owns 6,362 shares in the company, valued at approximately $76,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew David Oddie sold 10,800 shares of Funko stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the sale, the insider now directly owns 40,372 shares in the company, valued at approximately $485,675.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,805 shares of company stock valued at $415,169. 4.81% of the stock is owned by corporate insiders.

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.