Fox Factory (NASDAQ:FOXF) Issues FY18 Earnings Guidance

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.

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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.

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