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.
ILLEGAL ACTIVITY NOTICE: This report was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.thelincolnianonline.com/2018/03/14/fox-factory-foxf-issues-earnings-results.html.
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.
Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.