Equities research analysts expect that Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) will report $399.48 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Fox Factory’s earnings, with estimates ranging from $395.00 million to $404.90 million. Fox Factory posted sales of $328.16 million in the same quarter last year, which would indicate a positive year over year growth rate of 21.7%. The business is scheduled to report its next earnings results on Monday, January 1st.
On average, analysts expect that Fox Factory will report full year sales of $1.53 billion for the current year, with estimates ranging from $1.52 billion to $1.54 billion. For the next financial year, analysts expect that the business will post sales of $1.63 billion, with estimates ranging from $1.60 billion to $1.66 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Fox Factory.
Fox Factory (NASDAQ:FOXF – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. Fox Factory had a net margin of 12.46% and a return on equity of 23.11%. The business had revenue of $377.98 million for the quarter, compared to the consensus estimate of $335.60 million. During the same period in the prior year, the business posted $1.05 earnings per share. Fox Factory’s revenue for the quarter was up 34.4% compared to the same quarter last year.
Several equities analysts have commented on FOXF shares. TheStreet downgraded shares of Fox Factory from a “b” rating to a “c+” rating in a research report on Thursday, March 10th. StockNews.com started coverage on shares of Fox Factory in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial lowered their target price on shares of Fox Factory from $200.00 to $175.00 in a research report on Monday, February 28th. Finally, Zacks Investment Research upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Monday, May 9th.
A number of hedge funds have recently added to or reduced their stakes in FOXF. Covestor Ltd boosted its holdings in Fox Factory by 58.4% during the first quarter. Covestor Ltd now owns 358 shares of the company’s stock valued at $35,000 after acquiring an additional 132 shares during the period. Rockefeller Capital Management L.P. bought a new stake in Fox Factory during the third quarter valued at about $36,000. C M Bidwell & Associates Ltd. lifted its stake in shares of Fox Factory by 236.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 380 shares of the company’s stock valued at $55,000 after buying an additional 267 shares during the period. Logan Capital Management Inc. lifted its stake in shares of Fox Factory by 34.5% in the first quarter. Logan Capital Management Inc. now owns 601 shares of the company’s stock valued at $59,000 after buying an additional 154 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Fox Factory in the first quarter valued at about $69,000. Institutional investors own 99.49% of the company’s stock.
NASDAQ FOXF opened at $77.26 on Thursday. Fox Factory has a 1-year low of $74.37 and a 1-year high of $190.29. The company has a current ratio of 3.05, a quick ratio of 1.93 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.26 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80. The firm’s fifty day simple moving average is $89.73 and its 200-day simple moving average is $127.85.
Fox Factory Company Profile (Get Rating)
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.
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