Analysts expect that Fox Factory Holding Corp (NASDAQ:FOXF) will post $0.48 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for Fox Factory’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.49. Fox Factory posted earnings of $0.39 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 23.1%. The business is expected to report its next earnings report on Thursday, August 2nd.
On average, analysts expect that Fox Factory will report full-year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.85. For the next financial year, analysts forecast that the business will post earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.10. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Fox Factory.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $129.80 million during the quarter, compared to analyst estimates of $125.76 million. Fox Factory had a return on equity of 26.52% and a net margin of 10.78%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS.
A number of brokerages have issued reports on FOXF. Zacks Investment Research raised Fox Factory from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Thursday, June 14th. BidaskClub downgraded Fox Factory from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 12th. ValuEngine downgraded Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Stifel Nicolaus cut their price objective on Fox Factory from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, May 3rd. Finally, Berenberg Bank began coverage on Fox Factory in a research report on Wednesday, June 20th. They set a “buy” rating and a $51.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fox Factory currently has an average rating of “Buy” and an average price target of $42.29.
In other news, insider Thomas Michael Wittenschlaeger sold 1,500 shares of the stock in a transaction on Friday, June 15th. The stock was sold at an average price of $43.17, for a total value of $64,755.00. Following the completion of the sale, the insider now owns 65,766 shares in the company, valued at $2,839,118.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zvi Glasman sold 10,500 shares of the stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $38.81, for a total value of $407,505.00. Following the completion of the sale, the chief financial officer now owns 37,067 shares of the company’s stock, valued at approximately $1,438,570.27. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Fox Factory by 3.8% in the first quarter. BlackRock Inc. now owns 4,722,048 shares of the company’s stock valued at $164,799,000 after purchasing an additional 172,537 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Fox Factory by 7.3% in the first quarter. Neuberger Berman Group LLC now owns 2,133,929 shares of the company’s stock valued at $74,474,000 after purchasing an additional 145,478 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Fox Factory by 4.6% in the first quarter. Van Berkom & Associates Inc. now owns 1,473,164 shares of the company’s stock valued at $51,413,000 after purchasing an additional 65,305 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Fox Factory by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,338,548 shares of the company’s stock valued at $46,715,000 after purchasing an additional 8,206 shares in the last quarter. Finally, Standard Life Aberdeen plc lifted its holdings in shares of Fox Factory by 14.8% in the fourth quarter. Standard Life Aberdeen plc now owns 1,327,848 shares of the company’s stock valued at $51,587,000 after purchasing an additional 171,247 shares in the last quarter. Institutional investors own 99.96% of the company’s stock.
NASDAQ FOXF traded down $0.95 on Wednesday, reaching $46.45. 198,500 shares of the stock traded hands, compared to its average volume of 237,050. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.30 and a current ratio of 2.45. The firm has a market cap of $1.73 billion, a P/E ratio of 29.21, a PEG ratio of 2.17 and a beta of 0.69. Fox Factory has a 12 month low of $33.20 and a 12 month high of $48.00.
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.
Get a free copy of the Zacks research report on Fox Factory (FOXF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.