$0.62 Earnings Per Share Expected for Fox Factory Holding Corp (NASDAQ:FOXF) This Quarter

Equities analysts forecast that Fox Factory Holding Corp (NASDAQ:FOXF) will report earnings of $0.62 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Fox Factory’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.64. Fox Factory posted earnings per share of $0.58 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The company is expected to issue its next earnings results on Tuesday, February 25th.

On average, analysts expect that Fox Factory will report full year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.66 to $2.70. For the next year, analysts anticipate that the business will report earnings of $2.95 per share, with EPS estimates ranging from $2.80 to $3.08. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fox Factory.

Several research firms have weighed in on FOXF. SunTrust Banks raised their price target on Fox Factory to $68.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. BidaskClub downgraded Fox Factory from a “buy” rating to a “hold” rating in a research report on Saturday, February 1st. ValuEngine raised Fox Factory from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating, Fox Factory currently has an average rating of “Hold” and a consensus price target of $74.50.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Fox Factory by 1.2% during the second quarter. BlackRock Inc. now owns 5,491,681 shares of the company’s stock worth $453,120,000 after purchasing an additional 63,979 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Fox Factory by 3.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,046,090 shares of the company’s stock valued at $351,056,000 after acquiring an additional 179,451 shares during the last quarter. State Street Corp boosted its holdings in Fox Factory by 0.4% in the fourth quarter. State Street Corp now owns 1,074,493 shares of the company’s stock valued at $74,752,000 after acquiring an additional 4,677 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Fox Factory by 327.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 678,632 shares of the company’s stock valued at $47,212,000 after acquiring an additional 519,947 shares during the last quarter. Finally, FMR LLC boosted its holdings in Fox Factory by 20.6% in the first quarter. FMR LLC now owns 533,779 shares of the company’s stock valued at $37,306,000 after acquiring an additional 91,213 shares during the last quarter.

Fox Factory stock opened at $75.28 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.64 and a current ratio of 2.92. The stock has a fifty day moving average of $69.05 and a two-hundred day moving average of $67.63. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 1.58 and a beta of 1.40. Fox Factory has a fifty-two week low of $58.40 and a fifty-two week high of $86.91.

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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