$0.48 EPS Expected for Fox Factory Holding Corp (FOXF) This Quarter

Wall Street analysts forecast that Fox Factory Holding Corp (NASDAQ:FOXF) will report $0.48 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Fox Factory’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.47. Fox Factory reported earnings per share of $0.36 in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is expected to report its next quarterly earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Fox Factory will report full-year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.50 to $2.55. For the next financial year, analysts expect that the business will post earnings of $2.80 per share, with EPS estimates ranging from $2.75 to $2.88. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Fox Factory.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Tuesday, February 26th. The company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.02. The firm had revenue of $156.81 million during the quarter, compared to analysts’ expectations of $156.79 million. Fox Factory had a return on equity of 30.19% and a net margin of 13.57%. The company’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS.

A number of equities analysts have recently commented on the company. BidaskClub upgraded Fox Factory from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. 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 report on Thursday, February 28th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $63.83.

In other Fox Factory news, Director Dudley W. Mendenhall sold 4,645 shares of Fox Factory stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $63.18, for a total transaction of $293,471.10. Following the completion of the sale, the director now directly owns 11,870 shares of the company’s stock, valued at approximately $749,946.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Zvi Glasman sold 5,000 shares of Fox Factory stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the chief financial officer now directly owns 30,511 shares of the company’s stock, valued at $1,983,215. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,395 shares of company stock valued at $12,731,021. 2.30% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Fox Factory by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 4,948 shares of the company’s stock worth $291,000 after acquiring an additional 192 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Fox Factory by 10.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,957 shares of the company’s stock worth $174,000 after acquiring an additional 280 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Fox Factory by 2.3% in the 4th quarter. State of Alaska Department of Revenue now owns 12,703 shares of the company’s stock worth $747,000 after acquiring an additional 290 shares in the last quarter. Brookstone Capital Management increased its position in Fox Factory by 6.2% during the 4th quarter. Brookstone Capital Management now owns 5,050 shares of the company’s stock valued at $297,000 after buying an additional 297 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Fox Factory by 17.3% during the 4th quarter. Bank of Montreal Can now owns 2,054 shares of the company’s stock valued at $121,000 after buying an additional 303 shares in the last quarter. 99.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Fox Factory stock traded up $0.22 on Friday, reaching $69.89. The company had a trading volume of 195,223 shares, compared to its average volume of 255,382. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.29 and a current ratio of 2.40. Fox Factory has a 1 year low of $33.20 and a 1 year high of $76.77.

About Fox Factory

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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