Brokerages forecast that Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) will report earnings per share of $1.13 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Fox Factory’s earnings. The highest EPS estimate is $1.20 and the lowest is $1.09. Fox Factory posted earnings per share of $1.05 during the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Fox Factory will report full year earnings of $5.12 per share for the current year, with EPS estimates ranging from $4.95 to $5.20. For the next fiscal year, analysts forecast that the company will report earnings of $5.71 per share, with EPS estimates ranging from $5.45 to $5.90. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Fox Factory.
Fox Factory (NASDAQ:FOXF – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. Fox Factory had a net margin of 12.61% and a return on equity of 23.05%. The firm had revenue of $342.33 million for the quarter, compared to analyst estimates of $330.39 million. During the same quarter in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year.
Several research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Fox Factory in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial lowered their target price on shares of Fox Factory from $200.00 to $175.00 in a research note on Monday, February 28th. Zacks Investment Research downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Tuesday, March 1st. Finally, TheStreet downgraded shares of Fox Factory from a “b” rating to a “c+” rating in a report on Thursday, March 10th.
Several large investors have recently added to or reduced their stakes in FOXF. FMR LLC lifted its holdings in shares of Fox Factory by 20.6% during the 1st quarter. FMR LLC now owns 533,779 shares of the company’s stock worth $37,306,000 after acquiring an additional 91,213 shares during the period. Morgan Stanley lifted its holdings in Fox Factory by 9.9% during the 2nd quarter. Morgan Stanley now owns 121,660 shares of the company’s stock valued at $18,937,000 after purchasing an additional 10,936 shares during the last quarter. Virginia Retirement Systems ET AL lifted its holdings in Fox Factory by 131.3% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 3,700 shares of the company’s stock valued at $535,000 after purchasing an additional 2,100 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Fox Factory by 5.2% during the 3rd quarter. New York State Teachers Retirement System now owns 44,500 shares of the company’s stock valued at $6,432,000 after purchasing an additional 2,180 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in Fox Factory by 105.0% during the 3rd quarter. Stephens Inc. AR now owns 613 shares of the company’s stock valued at $89,000 after purchasing an additional 314 shares during the last quarter.
Shares of FOXF opened at $91.09 on Wednesday. The company’s fifty day moving average is $108.26 and its 200-day moving average is $142.18. Fox Factory has a 12 month low of $88.96 and a 12 month high of $190.29. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. The company has a quick ratio of 1.94, a current ratio of 3.15 and a debt-to-equity ratio of 0.40.
About Fox Factory (Get Rating)
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks.
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