Fox Factory (NASDAQ:FOXF) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.66-1.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.75. The company issued revenue guidance of $542-570 million, compared to the consensus revenue estimate of $554.83 million.Fox Factory also updated its Q1 guidance to $0.30-0.35 EPS.
Shares of Fox Factory (NASDAQ:FOXF) traded up $0.35 during midday trading on Wednesday, hitting $37.70. The company had a trading volume of 156,302 shares, compared to its average volume of 208,358. The company has a quick ratio of 1.37, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1,383.99, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Fox Factory has a twelve month low of $26.00 and a twelve month high of $46.80.
Fox Factory (NASDAQ:FOXF) last issued its earnings results on Tuesday, February 27th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. Fox Factory had a return on equity of 27.95% and a net margin of 9.07%. The business had revenue of $121.09 million during the quarter, compared to analyst estimates of $118.84 million. equities analysts anticipate that Fox Factory will post 1.78 EPS for the current year.
Several research analysts have issued reports on the company. BidaskClub lowered Fox Factory from a sell rating to a strong sell rating in a research note on Monday, February 5th. Zacks Investment Research upgraded Fox Factory from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Wednesday, January 10th. Stifel Nicolaus reiterated a hold rating and set a $44.00 price objective on shares of Fox Factory in a research note on Sunday, December 3rd. ValuEngine lowered Fox Factory from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, DA Davidson upgraded Fox Factory from a neutral rating to a buy rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company presently 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 firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $38.08, for a total value of $2,856,000.00. Following the completion of the sale, the chief executive officer now directly owns 124,934 shares in the company, valued at $4,757,486.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 21.40% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Fox Factory (NASDAQ:FOXF) Issues FY18 Earnings Guidance” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.thelincolnianonline.com/2018/03/14/fox-factory-foxf-issues-fy18-earnings-guidance.html.
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.
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.