Brokerages Anticipate Fox Factory Holding Corp. (FOXF) to Announce $0.44 EPS
Equities research analysts forecast that Fox Factory Holding Corp. (NASDAQ:FOXF) will report earnings per share (EPS) of $0.44 for the current quarter, according to Zacks. Five analysts have provided estimates for Fox Factory Holding Corp.’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.45. Fox Factory Holding Corp. also posted earnings of $0.44 per share during the same quarter last year. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that Fox Factory Holding Corp. will report full year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.46 to $1.51. For the next year, analysts expect that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.58 to $1.70. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Fox Factory Holding Corp..
Fox Factory Holding Corp. (NASDAQ:FOXF) last released its earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.16 million. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The business’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS.
A number of research firms have recently issued reports on FOXF. DA Davidson restated a “hold” rating and set a $34.00 target price on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Zacks Investment Research lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. ValuEngine raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, William Blair lowered shares of Fox Factory Holding Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. Eight investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $36.86.
Fox Factory Holding Corp. (NASDAQ FOXF) opened at 42.30 on Thursday. The stock’s 50 day moving average is $41.78 and its 200 day moving average is $35.82. Fox Factory Holding Corp. has a 12-month low of $19.65 and a 12-month high of $46.80. The company has a market cap of $1.58 billion, a P/E ratio of 33.84 and a beta of 0.70.
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In related news, SVP William H. Katherman sold 18,580 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $42.01, for a total transaction of $780,545.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carl Nichols sold 6,503 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $37.89, for a total transaction of $246,398.67. Following the transaction, the director now owns 36,410 shares of the company’s stock, valued at approximately $1,379,574.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,739 shares of company stock valued at $2,766,288. Company insiders own 21.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOXF. BlackRock Inc. lifted its holdings in Fox Factory Holding Corp. by 125,617.7% during the first quarter. BlackRock Inc. now owns 3,522,611 shares of the company’s stock valued at $101,099,000 after purchasing an additional 3,519,809 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of Fox Factory Holding Corp. in the second quarter worth about $19,214,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Fox Factory Holding Corp. by 7.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,926,907 shares of the company’s stock worth $210,998,000 after buying an additional 404,704 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Fox Factory Holding Corp. by 28.5% in the first quarter. Vanguard Group Inc. now owns 1,679,239 shares of the company’s stock worth $48,194,000 after buying an additional 372,551 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Fox Factory Holding Corp. by 786.8% in the second quarter. Neuberger Berman Group LLC now owns 398,346 shares of the company’s stock worth $14,181,000 after buying an additional 353,427 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.
Fox Factory Holding Corp. Company Profile
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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