Fox Factory (NASDAQ:FOXF – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.30-2.55 for the period, compared to the consensus EPS estimate of $2.43. The company issued revenue guidance of $1.53-1.61 billion, compared to the consensus revenue estimate of $1.56 billion. Fox Factory also updated its Q2 guidance to $0.30-0.40 EPS.
Fox Factory Price Performance
FOXF stock traded up $4.10 during trading on Friday, hitting $43.52. 1,149,487 shares of the stock traded hands, compared to its average volume of 638,720. The company has a current ratio of 3.70, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 3.66 and a beta of 1.68. Fox Factory has a one year low of $37.98 and a one year high of $117.68. The company has a 50 day simple moving average of $46.45 and a 200 day simple moving average of $59.53.
Fox Factory (NASDAQ:FOXF – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $333.50 million for the quarter, compared to analyst estimates of $327.58 million. Fox Factory had a return on equity of 10.50% and a net margin of 5.41%. Fox Factory’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 EPS. Equities analysts expect that Fox Factory will post 2.42 EPS for the current fiscal year.
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About Fox Factory
Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.
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