Fox Factory (NASDAQ:FOXF) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.30-0.35 for the period, compared to the Thomson Reuters consensus estimate of $0.38. The company issued revenue guidance of $121-127 million, compared to the consensus revenue estimate of $121.72 million.Fox Factory also updated its FY18 guidance to $1.66-1.84 EPS.
Fox Factory (FOXF) traded down $1.55 during mid-day trading on Tuesday, hitting $38.65. The stock had a trading volume of 236,804 shares, compared to its average volume of 184,150. The company has a market capitalization of $1,450.00, a price-to-earnings ratio of 29.73, a PEG ratio of 1.55 and a beta of 0.56. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory has a 52 week low of $25.74 and a 52 week high of $46.80.
Several research firms recently commented on FOXF. BidaskClub downgraded Fox Factory from a sell rating to a strong sell rating in a research note on Monday, February 5th. Zacks Investment Research upgraded Fox Factory from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research note on Wednesday, December 6th. DA Davidson upgraded Fox Factory from a neutral rating to a buy rating in a research note on Thursday, February 8th. ValuEngine downgraded Fox Factory from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Stifel Nicolaus reiterated a hold rating and issued a $44.00 price objective on shares of Fox Factory in a research note on Sunday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $39.43.
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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