Analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to post $0.79 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Fox Factory’s earnings, with estimates ranging from $0.78 to $0.80. Fox Factory posted earnings of $0.72 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The firm is expected to announce its next earnings results on Wednesday, October 30th.
On average, analysts expect that Fox Factory will report full year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.64. For the next fiscal year, analysts forecast that the firm will report earnings of $2.94 per share, with EPS estimates ranging from $2.86 to $3.10. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Fox Factory.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. Fox Factory had a net margin of 12.45% and a return on equity of 29.77%. The firm had revenue of $192.10 million for the quarter, compared to analyst estimates of $187.96 million. During the same period in the previous year, the business earned $0.56 EPS. The company’s revenue was up 22.5% compared to the same quarter last year.
Several equities research analysts have issued reports on FOXF shares. BidaskClub lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. SunTrust Banks boosted their price objective on shares of Fox Factory to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price objective on shares of Fox Factory from $72.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Bank of America restated a “neutral” rating and set a $86.00 price objective (up from $78.00) on shares of Fox Factory in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $75.83.
FOXF stock traded up $1.14 during midday trading on Wednesday, hitting $75.85. The company’s stock had a trading volume of 1,676 shares, compared to its average volume of 228,512. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.73 and a quick ratio of 1.45. Fox Factory has a twelve month low of $49.97 and a twelve month high of $86.91. The company’s fifty day moving average price is $80.04 and its 200 day moving average price is $72.57. The stock has a market capitalization of $2.81 billion, a P/E ratio of 34.21, a PEG ratio of 1.68 and a beta of 1.30.
In related news, insider Christopher Tutton sold 5,000 shares of Fox Factory stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $74.61, for a total transaction of $373,050.00. Following the completion of the sale, the insider now owns 28,065 shares of the company’s stock, valued at approximately $2,093,929.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Larry L. Enterline sold 100,000 shares of Fox Factory stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $67.41, for a total transaction of $6,741,000.00. Following the sale, the chief executive officer now directly owns 5,652 shares of the company’s stock, valued at approximately $381,001.32. The disclosure for this sale can be found here. Insiders have sold a total of 115,681 shares of company stock worth $7,977,359 over the last 90 days. 2.30% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC bought a new stake in shares of Fox Factory during the 1st quarter worth about $31,000. Huntington National Bank bought a new stake in shares of Fox Factory during the 1st quarter worth about $33,000. Private Capital Group LLC boosted its holdings in shares of Fox Factory by 78.0% during the 1st quarter. Private Capital Group LLC now owns 557 shares of the company’s stock worth $39,000 after buying an additional 244 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Fox Factory during the 2nd quarter worth about $60,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in Fox Factory in the 1st quarter valued at about $62,000. 99.67% of the stock is owned by institutional investors and hedge funds.
About Fox Factory
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
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