Fox Factory (FOXF) to Release Earnings on Thursday

Fox Factory (NASDAQ:FOXF) will announce its earnings results after the market closes on Thursday, October 31st. Analysts expect Fox Factory to post earnings of $0.42 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The business had revenue of $348.49 million for the quarter, compared to analyst estimates of $346.22 million. During the same quarter in the prior year, the firm posted $1.21 EPS. Fox Factory’s revenue was down 13.0% on a year-over-year basis. On average, analysts expect Fox Factory to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fox Factory Stock Down 1.0 %

Shares of NASDAQ:FOXF opened at $37.02 on Thursday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.67 and a beta of 1.64. Fox Factory has a one year low of $34.56 and a one year high of $86.33. The firm has a fifty day moving average price of $40.05 and a two-hundred day moving average price of $43.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63.

Insiders Place Their Bets

In related news, CEO Michael C. Dennison purchased 4,800 shares of Fox Factory stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the transaction, the chief executive officer now directly owns 135,066 shares in the company, valued at $5,597,135.04. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Truist Financial decreased their target price on Fox Factory from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird lowered their target price on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. B. Riley lowered their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Bank of America lowered their price target on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Fox Factory currently has an average rating of “Hold” and an average price target of $46.17.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.