Brokerages Expect Fox Factory Holding Corp (NASDAQ:FOXF) Will Post Quarterly Sales of $206.77 Million

Analysts expect that Fox Factory Holding Corp (NASDAQ:FOXF) will announce $206.77 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Fox Factory’s earnings. The highest sales estimate is $208.00 million and the lowest is $206.00 million. Fox Factory reported sales of $175.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The firm is scheduled to announce its next earnings results on Wednesday, October 30th.

On average, analysts expect that Fox Factory will report full year sales of $740.87 million for the current financial year, with estimates ranging from $736.00 million to $743.00 million. For the next fiscal year, analysts forecast that the company will report sales of $815.57 million, with estimates ranging from $800.00 million to $830.96 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Fox Factory.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Fox Factory had a return on equity of 29.77% and a net margin of 12.45%. The company had revenue of $192.10 million for the quarter, compared to the consensus estimate of $187.96 million. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year.

A number of analysts recently commented on FOXF shares. BidaskClub lowered Fox Factory from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 7th. Bank of America reaffirmed a “neutral” rating and issued a $86.00 target price (up from $78.00) on shares of Fox Factory in a research report on Thursday, August 1st. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus boosted their price objective on Fox Factory from $72.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $77.40.

In other Fox Factory news, insider Christopher Tutton sold 461 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $75.01, for a total transaction of $34,579.61. Following the completion of the sale, the insider now directly owns 22,604 shares of the company’s stock, valued at approximately $1,695,526.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zvi Glasman sold 13,583 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $72.93, for a total value of $990,608.19. Following the sale, the chief financial officer now directly owns 20,284 shares of the company’s stock, valued at $1,479,312.12. The disclosure for this sale can be found here. Insiders have sold a total of 102,451 shares of company stock valued at $7,025,869 over the last three months. Corporate insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its stake in shares of Fox Factory by 203.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 28,738 shares of the company’s stock worth $2,371,000 after buying an additional 19,255 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Fox Factory in the 2nd quarter worth approximately $302,000. Envestnet Asset Management Inc. boosted its stake in shares of Fox Factory by 4.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,248 shares of the company’s stock worth $2,991,000 after buying an additional 1,440 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Fox Factory in the 2nd quarter worth approximately $5,952,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Fox Factory by 1.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,991 shares of the company’s stock worth $1,071,000 after buying an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Fox Factory stock traded down $0.41 during midday trading on Tuesday, reaching $60.21. The stock had a trading volume of 162,102 shares, compared to its average volume of 232,749. Fox Factory has a 12 month low of $49.97 and a 12 month high of $86.91. The company has a market capitalization of $2.31 billion, a P/E ratio of 27.12, a PEG ratio of 1.42 and a beta of 1.33. The company has a fifty day moving average price of $68.37 and a two-hundred day moving average price of $73.72. The company has a current ratio of 2.73, a quick ratio of 1.45 and a debt-to-equity ratio of 0.21.

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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Earnings History and Estimates for Fox Factory (NASDAQ:FOXF)

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