Zacks: Brokerages Expect Fox Factory Holding Corp (FOXF) to Announce $0.56 EPS

Equities analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to announce $0.56 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Fox Factory’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.56. Fox Factory posted earnings per share of $0.38 in the same quarter last year, which would suggest a positive year over year growth rate of 47.4%. The business is scheduled to announce its next earnings results on Tuesday, February 26th.

On average, analysts expect that Fox Factory will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.21. For the next year, analysts anticipate that the company will report earnings of $2.45 per share, with EPS estimates ranging from $2.40 to $2.52. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Fox Factory.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Wednesday, October 31st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.66 by $0.06. The firm had revenue of $175.80 million during the quarter, compared to the consensus estimate of $173.33 million. Fox Factory had a return on equity of 29.77% and a net margin of 11.43%. The business’s quarterly revenue was up 38.0% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share.

Several research firms have commented on FOXF. Bank of America downgraded Fox Factory from a “buy” rating to a “neutral” rating in a research report on Friday, November 23rd. They noted that the move was a valuation call. ValuEngine upgraded Fox Factory from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. BidaskClub upgraded Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Friday, November 2nd. Finally, Jefferies Financial Group increased their target price on Fox Factory from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fox Factory currently has an average rating of “Buy” and an average target price of $63.83.

In other news, CEO Larry L. Enterline sold 90,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $68.82, for a total transaction of $6,193,800.00. Following the completion of the transaction, the chief executive officer now directly owns 60,519 shares in the company, valued at $4,164,917.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Larry L. Enterline sold 22,401 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $70.14, for a total value of $1,571,206.14. Following the transaction, the chief executive officer now owns 60,519 shares of the company’s stock, valued at $4,244,802.66. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of FOXF. C M Bidwell & Associates Ltd. raised its position in shares of Fox Factory by 2,026.5% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,403 shares of the company’s stock worth $168,000 after acquiring an additional 2,290 shares during the last quarter. Ibex Investors LLC bought a new position in shares of Fox Factory during the third quarter worth about $200,000. Cim LLC bought a new position in shares of Fox Factory during the third quarter worth about $247,000. HBK Sorce Advisory LLC bought a new position in shares of Fox Factory during the third quarter worth about $260,000. Finally, Everence Capital Management Inc. bought a new position in shares of Fox Factory during the third quarter worth about $264,000. Institutional investors own 98.24% of the company’s stock.

Fox Factory stock opened at $61.70 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.10 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.62 and a beta of 1.25. Fox Factory has a 12 month low of $33.20 and a 12 month high of $76.77.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

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