Fox Factory (FOXF) to Release Quarterly Earnings on Thursday

Fox Factory (NASDAQ:FOXF) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.34). The company had revenue of $332.50 million during the quarter, compared to analyst estimates of $327.07 million. Fox Factory had a net margin of 8.25% and a return on equity of 13.86%. The firm’s revenue for the quarter was down 18.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 EPS. On average, analysts expect Fox Factory to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $40.22 on Tuesday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 3.40 and a beta of 1.64. Fox Factory has a 1-year low of $38.80 and a 1-year high of $117.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.70 and a quick ratio of 1.91. The company’s 50-day moving average is $48.64 and its two-hundred day moving average is $61.16.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FOXF shares. Truist Financial reduced their price objective on shares of Fox Factory from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. StockNews.com lowered Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Bank of America lowered Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research note on Friday, February 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Fox Factory currently has an average rating of “Hold” and a consensus target price of $66.00.

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.