Equities research analysts expect Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) to report earnings of $1.13 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Fox Factory’s earnings, with the highest EPS estimate coming in at $1.20 and the lowest estimate coming in at $1.09. Fox Factory posted earnings per share of $1.05 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.6%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Fox Factory will report full year earnings of $5.13 per share for the current financial year, with EPS estimates ranging from $4.95 to $5.20. For the next year, analysts anticipate that the firm will report earnings of $5.73 per share, with EPS estimates ranging from $5.45 to $5.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Fox Factory.
Fox Factory (NASDAQ:FOXF – Get Rating) last announced 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. The firm had revenue of $342.33 million during the quarter, compared to analyst estimates of $330.39 million. Fox Factory had a return on equity of 23.05% and a net margin of 12.61%. Fox Factory’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share.
Strong management, innovative products – this company won’t be under the radar for long
Several analysts recently weighed in on FOXF shares. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a report on Tuesday, March 1st. TheStreet lowered Fox Factory from a “b” rating to a “c+” rating in a report on Thursday, March 10th. Finally, Truist Financial decreased their target price on Fox Factory from $200.00 to $175.00 in a research note on Monday, February 28th.
Fox Factory stock traded down $7.03 during midday trading on Wednesday, hitting $99.17. The stock had a trading volume of 4,593 shares, compared to its average volume of 253,624. The company has a current ratio of 3.15, a quick ratio of 1.94 and a debt-to-equity ratio of 0.40. The stock has a market cap of $4.18 billion, a P/E ratio of 25.63, a P/E/G ratio of 1.08 and a beta of 1.83. Fox Factory has a 12 month low of $94.66 and a 12 month high of $190.29. The business has a fifty day moving average price of $121.11 and a 200 day moving average price of $148.34.
Hedge funds have recently modified their holdings of the business. Whittier Trust Co. boosted its stake in Fox Factory by 3.3% in the fourth quarter. Whittier Trust Co. now owns 37,527 shares of the company’s stock valued at $6,383,000 after acquiring an additional 1,210 shares during the period. Royal Bank of Canada boosted its position in shares of Fox Factory by 2.5% during the third quarter. Royal Bank of Canada now owns 348,040 shares of the company’s stock worth $50,306,000 after buying an additional 8,388 shares during the period. NBW Capital LLC boosted its position in shares of Fox Factory by 9.8% during the third quarter. NBW Capital LLC now owns 35,850 shares of the company’s stock worth $5,182,000 after buying an additional 3,186 shares during the period. NFJ Investment Group LLC boosted its position in shares of Fox Factory by 43.7% during the third quarter. NFJ Investment Group LLC now owns 17,202 shares of the company’s stock worth $2,487,000 after buying an additional 5,230 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Fox Factory during the third quarter worth approximately $187,000.
Fox Factory Company Profile (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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