Funko (NASDAQ:FNKO - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.150--0.080 for the period, compared to the consensus estimate of -0.210. The company issued revenue guidance of $225.0 million-$240.0 million, compared to the consensus revenue estimate of $230.2 million. Funko also updated its FY 2024 guidance to EPS.
Funko Trading Up 3.0 %
NASDAQ:FNKO traded up $0.20 during trading hours on Thursday, hitting $6.82. The company had a trading volume of 507,025 shares, compared to its average volume of 451,827. Funko has a 1 year low of $5.27 and a 1 year high of $13.42. The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average of $6.20 and a 200 day moving average of $6.88. The company has a market cap of $361.93 million, a P/E ratio of -2.08 and a beta of 1.05.
Funko (NASDAQ:FNKO - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). Funko had a negative return on equity of 20.78% and a negative net margin of 14.06%. The company had revenue of $291.24 million for the quarter, compared to analyst estimates of $284.90 million. Sell-side analysts expect that Funko will post -0.34 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, B. Riley began coverage on shares of Funko in a report on Wednesday, April 10th. They issued a buy rating and a $10.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $8.92.
Check Out Our Latest Research Report on FNKO
Insider Transactions at Funko
In other news, CFO Steve Nave sold 6,352 shares of Funko stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $7.08, for a total transaction of $44,972.16. Following the transaction, the chief financial officer now directly owns 65,883 shares in the company, valued at approximately $466,451.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Pendeven Yves Le sold 4,134 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $6.10, for a total transaction of $25,217.40. Following the completion of the sale, the chief financial officer now owns 27,983 shares in the company, valued at approximately $170,696.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steve Nave sold 6,352 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $7.08, for a total transaction of $44,972.16. Following the completion of the transaction, the chief financial officer now owns 65,883 shares of the company's stock, valued at $466,451.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,972 shares of company stock worth $223,485. Company insiders own 4.81% of the company's stock.
About Funko
(
Get Free Report)
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.
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