Fox Factory (FOXF) Set to Announce Quarterly Earnings on Thursday

Fox Factory (NASDAQ:FOXF – Get Rating) is set to announce its earnings results after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Fox Factory (NASDAQ:FOXF – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The business had revenue of $342.33 million for the quarter, compared to the consensus estimate of $330.39 million. Fox Factory had a return on equity of 23.05% and a net margin of 12.61%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, analysts expect Fox Factory to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Fox Factory stock opened at $82.82 on Thursday. The company has a market capitalization of $3.49 billion, a PE ratio of 21.40, a PEG ratio of 0.89 and a beta of 1.79. Fox Factory has a 12 month low of $81.53 and a 12 month high of $190.29. The company has a current ratio of 3.15, a quick ratio of 1.94 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $101.06 and its 200 day simple moving average is $138.52.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FOXF. Morgan Stanley raised its stake in shares of Fox Factory by 9.9% in the 2nd quarter. Morgan Stanley now owns 121,660 shares of the company’s stock valued at $18,937,000 after purchasing an additional 10,936 shares during the period. Barclays PLC raised its stake in shares of Fox Factory by 9.0% in the 4th quarter. Barclays PLC now owns 60,924 shares of the company’s stock valued at $10,363,000 after purchasing an additional 5,042 shares during the period. LPL Financial LLC increased its position in shares of Fox Factory by 165.1% in the third quarter. LPL Financial LLC now owns 6,600 shares of the company’s stock valued at $954,000 after acquiring an additional 4,110 shares during the last quarter. Legal & General Group Plc increased its position in shares of Fox Factory by 4.2% in the fourth quarter. Legal & General Group Plc now owns 63,053 shares of the company’s stock valued at $10,725,000 after acquiring an additional 2,567 shares during the last quarter. Finally, UBS Group AG raised its holdings in Fox Factory by 15.6% during the third quarter. UBS Group AG now owns 13,337 shares of the company’s stock worth $1,927,000 after acquiring an additional 1,798 shares in the last quarter.

Several brokerages recently commented on FOXF. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a research note on Tuesday, March 1st. StockNews.com began coverage on Fox Factory in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial dropped their price objective on Fox Factory from $200.00 to $175.00 in a research note on Monday, February 28th. Finally, TheStreet downgraded Fox Factory from a “b” rating to a “c+” rating in a research note on Thursday, March 10th.

Fox Factory Company Profile (Get Rating)

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.

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