Brokerages expect Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) to post $1.22 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Fox Factory’s earnings. The lowest EPS estimate is $1.13 and the highest is $1.25. Fox Factory reported earnings of $1.20 per share in the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The business is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Fox Factory will report full-year earnings of $5.17 per share for the current fiscal year, with EPS estimates ranging from $5.05 to $5.25. For the next fiscal year, analysts expect that the company will report earnings of $5.76 per share, with EPS estimates ranging from $5.60 to $6.00. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Fox Factory.
Fox Factory (NASDAQ:FOXF – Get Rating) last issued its earnings results on Thursday, May 5th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. Fox Factory had a return on equity of 23.11% and a net margin of 12.46%. The company had revenue of $377.98 million for the quarter, compared to analyst estimates of $335.60 million. During the same period in the prior year, the firm earned $1.05 earnings per share. Fox Factory’s revenue for the quarter was up 34.4% on a year-over-year basis.
A number of equities research analysts recently commented on FOXF shares. StockNews.com started coverage on Fox Factory in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised Fox Factory from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Monday, May 9th. Truist Financial lowered their price target on Fox Factory from $200.00 to $175.00 in a research report on Monday, February 28th. Finally, TheStreet lowered Fox Factory from a “b” rating to a “c+” rating in a research report on Thursday, March 10th.
Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. boosted its stake in Fox Factory by 3.3% in the 4th quarter. Whittier Trust Co. now owns 37,527 shares of the company’s stock worth $6,383,000 after purchasing an additional 1,210 shares during the period. Royal Bank of Canada boosted its holdings in Fox Factory by 2.5% in the third quarter. Royal Bank of Canada now owns 348,040 shares of the company’s stock worth $50,306,000 after acquiring an additional 8,388 shares in the last quarter. Cim LLC boosted its holdings in Fox Factory by 3.9% in the fourth quarter. Cim LLC now owns 2,952 shares of the company’s stock worth $380,000 after acquiring an additional 111 shares in the last quarter. NFJ Investment Group LLC raised its stake in shares of Fox Factory by 43.7% in the third quarter. NFJ Investment Group LLC now owns 17,202 shares of the company’s stock worth $2,487,000 after purchasing an additional 5,230 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Fox Factory by 161.5% during the fourth quarter. American Century Companies Inc. now owns 236,522 shares of the company’s stock valued at $40,233,000 after acquiring an additional 146,077 shares during the last quarter. 99.49% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:FOXF traded down $2.25 during trading on Tuesday, reaching $76.61. 272,273 shares of the stock were exchanged, compared to its average volume of 259,366. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.05 and a quick ratio of 1.93. Fox Factory has a 1-year low of $74.37 and a 1-year high of $190.29. The stock has a fifty day moving average of $90.28 and a two-hundred day moving average of $128.21. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80.
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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