Fox Factory (FOXF) Announces Earnings Results

Fox Factory (NASDAQ:FOXF) released its quarterly earnings data on Tuesday, February 27th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05, Bloomberg Earnings reports. The company had revenue of $121.09 million during the quarter, compared to analysts’ expectations of $118.84 million. Fox Factory had a net margin of 9.07% and a return on equity of 27.95%. Fox Factory updated its Q1 guidance to $0.30-0.35 EPS and its FY18 guidance to $1.66-1.84 EPS.

Shares of Fox Factory (NASDAQ:FOXF) traded up $0.35 during trading on Wednesday, reaching $37.70. 156,302 shares of the company’s stock were exchanged, compared to its average volume of 208,358. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.37 and a current ratio of 2.35. The stock has a market cap of $1,383.99, a P/E ratio of 33.95, a P/E/G ratio of 1.70 and a beta of 0.57. Fox Factory has a 52 week low of $26.00 and a 52 week high of $46.80.

Several research firms have weighed in on FOXF. DA Davidson upgraded shares of Fox Factory from a “neutral” rating to a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Wednesday, December 6th. Stifel Nicolaus reissued a “hold” rating and issued a $44.00 price target on shares of Fox Factory in a research note on Sunday, December 3rd. ValuEngine downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Fox Factory has a consensus rating of “Hold” and a consensus target price of $40.67.

In other news, CEO Larry L. Enterline sold 75,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $38.08, for a total value of $2,856,000.00. Following the completion of the transaction, the chief executive officer now owns 124,934 shares in the company, valued at approximately $4,757,486.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.40% of the company’s stock.

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Fox Factory 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.

Earnings History for Fox Factory (NASDAQ:FOXF)

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