Analysts Expect Fox Factory Holding Corp (FOXF) to Announce $0.33 EPS
Equities research analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to report $0.33 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Fox Factory’s earnings, with estimates ranging from $0.32 to $0.34. Fox Factory posted earnings of $0.32 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The firm is expected to announce its next earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Fox Factory will report full year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.54. For the next financial year, analysts anticipate that the firm will report earnings of $1.68 per share, with EPS estimates ranging from $1.60 to $1.71. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Fox Factory.
Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Fox Factory had a return on equity of 28.98% and a net margin of 12.62%. The firm had revenue of $127.40 million during the quarter, compared to analyst estimates of $123.02 million. During the same quarter in the previous year, the business earned $0.44 EPS. Fox Factory’s revenue for the quarter was up 16.9% compared to the same quarter last year.
FOXF has been the subject of several research reports. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $36.00 price objective on shares of Fox Factory in a research note on Friday, October 20th. William Blair lowered Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. ValuEngine lowered Fox Factory from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $40.00 price objective on shares of Fox Factory in a research note on Thursday, September 28th. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $39.29.
Shares of Fox Factory (NASDAQ FOXF) traded down $0.20 during trading on Friday, hitting $38.05. The company had a trading volume of 69,687 shares, compared to its average volume of 342,057. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory has a 1 year low of $24.15 and a 1 year high of $46.80. The stock has a market cap of $1,428.47, a price-to-earnings ratio of 25.03, a PEG ratio of 1.80 and a beta of 0.68.
In other Fox Factory news, SVP William H. Katherman sold 18,580 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was 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 available through the SEC website. 21.40% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Fox Factory by 11.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,613,788 shares of the company’s stock worth $285,055,000 after purchasing an additional 686,881 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Fox Factory by 15.2% during the 2nd quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock worth $144,512,000 after purchasing an additional 536,712 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Fox Factory by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock worth $64,377,000 after purchasing an additional 129,129 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Fox Factory by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,306,088 shares of the company’s stock worth $56,292,000 after purchasing an additional 10,299 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Fox Factory by 187.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock worth $49,330,000 after purchasing an additional 746,191 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.
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About Fox Factory
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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