Fox Factory Holding Corp. (FOXF) Set to Announce Quarterly Earnings on Thursday
Fox Factory Holding Corp. (NASDAQ:FOXF) is set to issue its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Fox Factory Holding Corp. has set its Q2 guidance at $0.32-$0.38 EPS and its FY17 guidance at $1.36-$1.46 EPS.
Fox Factory Holding Corp. (NASDAQ:FOXF) last released its earnings results on Wednesday, May 3rd. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.08. The firm had revenue of $106.33 million during the quarter, compared to analysts’ expectations of $97.31 million. Fox Factory Holding Corp. had a net margin of 10.01% and a return on equity of 30.07%. On average, analysts expect Fox Factory Holding Corp. to post $1.43 EPS for the current fiscal year and $1.61 EPS for the next fiscal year.
Fox Factory Holding Corp. (NASDAQ:FOXF) traded up 0.92% during mid-day trading on Thursday, reaching $38.40. 23,197 shares of the company’s stock traded hands. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 34.29 and a beta of 0.67. Fox Factory Holding Corp. has a 52-week low of $18.09 and a 52-week high of $38.50. The company has a 50-day moving average of $35.00 and a 200-day moving average of $30.26.
Several equities research analysts recently commented on FOXF shares. DA Davidson restated a “hold” rating and issued a $34.00 price target on shares of Fox Factory Holding Corp. in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Friday, May 5th. ValuEngine upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. CL King downgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. Finally, BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $31.71.
In other Fox Factory Holding Corp. news, insider Wesley E. Allinger sold 17,418 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $32.88, for a total value of $572,703.84. Following the completion of the sale, the insider now owns 29,419 shares in the company, valued at approximately $967,296.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Wesley E. Allinger sold 2,776 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $32.63, for a total transaction of $90,580.88. Following the completion of the sale, the insider now owns 49,034 shares of the company’s stock, valued at approximately $1,599,979.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,170 shares of company stock valued at $7,020,981. Insiders own 21.40% of the company’s stock.
About Fox Factory Holding Corp.
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
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