Fox Factory Holding Corp. (FOXF) Scheduled to Post Quarterly Earnings on Wednesday
Fox Factory Holding Corp. (NASDAQ:FOXF) will issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Fox Factory Holding Corp. has set its Q3 guidance at $0.40 – $0.44 EPS.
Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $117.16 million. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. On average, analysts expect Fox Factory Holding Corp. to post $1.49 EPS for the current fiscal year and $1.66 EPS for the next fiscal year.
Shares of Fox Factory Holding Corp. (NASDAQ FOXF) opened at 44.05 on Wednesday. Fox Factory Holding Corp. has a 52-week low of $19.65 and a 52-week high of $46.80. The company has a market capitalization of $1.65 billion, a PE ratio of 35.24 and a beta of 0.70. The company has a 50-day moving average of $42.15 and a 200 day moving average of $36.33.
Several research analysts recently issued reports on FOXF shares. DA Davidson reissued 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 raised 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 research note on Wednesday, September 6th. William Blair lowered shares of Fox Factory Holding Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Finally, ValuEngine raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.29.
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In related news, SVP William H. Katherman sold 2,356 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $36.95, for a total transaction of $87,054.20. Following the transaction, the senior vice president now directly owns 32,750 shares of the company’s stock, valued at $1,210,112.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Michael Wittenschlaeger sold 2,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $39.22, for a total transaction of $78,440.00. Following the transaction, the insider now directly owns 61,162 shares in the company, valued at $2,398,773.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,739 shares of company stock worth $2,766,288. 21.40% of the stock is owned by insiders.
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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