Equities analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to announce earnings per share (EPS) of $0.79 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Fox Factory’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.80. Fox Factory reported earnings of $0.72 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The firm is scheduled to issue its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Fox Factory will report full-year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.64. For the next year, analysts expect that the business will post earnings of $2.94 per share, with EPS estimates ranging from $2.86 to $3.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Fox Factory.
Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, July 31st. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.02. Fox Factory had a return on equity of 29.77% and a net margin of 12.45%. The firm had revenue of $192.10 million for the quarter, compared to the consensus estimate of $187.96 million. During the same period in the prior year, the business posted $0.56 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year.
Several analysts have weighed in on FOXF shares. Bank of America reaffirmed a “neutral” rating and set a $86.00 target price (up previously from $78.00) on shares of Fox Factory in a research note on Thursday, August 1st. BidaskClub cut Fox Factory from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised Fox Factory from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Friday, August 2nd. Stifel Nicolaus raised their target price on Fox Factory from $72.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, SunTrust Banks lifted their price objective on Fox Factory to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $75.83.
Shares of NASDAQ FOXF traded down $1.48 during mid-day trading on Wednesday, hitting $73.96. The company had a trading volume of 243,166 shares, compared to its average volume of 229,893. The firm has a market cap of $2.84 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. Fox Factory has a 12 month low of $49.97 and a 12 month high of $86.91. The company has a current ratio of 2.73, a quick ratio of 1.45 and a debt-to-equity ratio of 0.21. The firm’s 50 day simple moving average is $80.39.
In other Fox Factory news, Director Dudley W. Mendenhall sold 4,645 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $71.84, for a total transaction of $333,696.80. Following the completion of the transaction, the director now owns 13,397 shares in the company, valued at approximately $962,440.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher Tutton sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $74.61, for a total value of $373,050.00. Following the transaction, the insider now owns 28,065 shares of the company’s stock, valued at approximately $2,093,929.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,865 shares of company stock worth $8,276,476. Company insiders own 2.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Eukles Asset Management lifted its position in Fox Factory by 2.3% during the second quarter. Eukles Asset Management now owns 6,670 shares of the company’s stock worth $550,000 after acquiring an additional 147 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Fox Factory by 1.5% during the second quarter. State of Alaska Department of Revenue now owns 12,991 shares of the company’s stock worth $1,071,000 after purchasing an additional 188 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Fox Factory by 2.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,360 shares of the company’s stock worth $937,000 after purchasing an additional 220 shares during the period. Private Capital Group LLC lifted its holdings in shares of Fox Factory by 78.0% during the first quarter. Private Capital Group LLC now owns 557 shares of the company’s stock worth $39,000 after purchasing an additional 244 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Fox Factory by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,713 shares of the company’s stock worth $1,028,000 after purchasing an additional 266 shares during the period. Institutional investors own 98.33% of the company’s stock.
Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
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