Wall Street analysts forecast that Fox Factory Holding Corp (NASDAQ:FOXF) will post earnings of $0.33 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Fox Factory’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.34. Fox Factory posted earnings of $0.32 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The business is expected to issue its next quarterly earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Fox Factory will report full-year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.52 to $1.54. For the next financial year, analysts expect that the business will report earnings of $1.74 per share, with EPS estimates ranging from $1.67 to $1.78. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Fox Factory.
Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $123.02 million. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. Fox Factory’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share.
In other Fox Factory news, CEO Larry L. Enterline sold 75,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $38.08, for a total transaction of $2,856,000.00. Following the completion of the transaction, the chief executive officer now directly owns 124,934 shares in the company, valued at $4,757,486.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zvi Glasman sold 10,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.37, for a total value of $393,700.00. Following the transaction, the chief financial officer now owns 160,331 shares of the company’s stock, valued at $6,312,231.47. The disclosure for this sale can be found here. Insiders have sold 100,000 shares of company stock valued at $3,845,500 over the last quarter. Corporate insiders own 21.40% of the company’s stock.
Several large investors have recently made changes to their positions in the company. KAMES CAPITAL plc increased its stake in shares of Fox Factory by 80.2% in the fourth quarter. KAMES CAPITAL plc now owns 845,467 shares of the company’s stock valued at $32,804,000 after buying an additional 376,364 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Fox Factory by 187.3% in the third quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock valued at $49,330,000 after buying an additional 746,191 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Fox Factory by 65.5% in the third quarter. California Public Employees Retirement System now owns 25,152 shares of the company’s stock valued at $1,084,000 after buying an additional 9,952 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Fox Factory by 10.1% in the third quarter. Janus Henderson Group PLC now owns 369,941 shares of the company’s stock valued at $15,944,000 after buying an additional 34,052 shares in the last quarter. Finally, Polen Capital Management LLC acquired a new stake in shares of Fox Factory in the third quarter valued at $225,000. Institutional investors own 97.78% of the company’s stock.
Fox Factory (NASDAQ:FOXF) opened at $39.60 on Wednesday. The company has a market capitalization of $1,481.03, a price-to-earnings ratio of 30.70, a P/E/G ratio of 1.55 and a beta of 0.62. Fox Factory has a 12-month low of $25.25 and a 12-month high of $46.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41.
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Fox Factory Company Profile
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
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