Fox Factory Holding Corp. (NASDAQ:FOXF) Expected to Post Q2 2022 Earnings of $1.24 Per Share

Fox Factory Holding Corp. (NASDAQ:FOXFGet Rating) – Stock analysts at William Blair lowered their Q2 2022 earnings per share (EPS) estimates for shares of Fox Factory in a research note issued to investors on Thursday, May 5th. William Blair analyst R. Sundby now anticipates that the company will earn $1.24 per share for the quarter, down from their prior estimate of $1.32. William Blair also issued estimates for Fox Factory’s Q3 2022 earnings at $1.32 EPS and FY2022 earnings at $5.15 EPS.

Fox Factory (NASDAQ:FOXFGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $377.98 million for the quarter, compared to analysts’ expectations of $335.60 million. Fox Factory had a net margin of 12.46% and a return on equity of 23.79%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share.

A number of other brokerages have also recently issued reports on FOXF. Zacks Investment Research cut shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Tuesday, March 1st. Truist Financial decreased their price target on Fox Factory from $200.00 to $175.00 in a research note on Monday, February 28th. TheStreet downgraded Fox Factory from a “b” rating to a “c+” rating in a research report on Thursday, March 10th. Finally, StockNews.com began coverage on Fox Factory in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of FOXF stock opened at $81.29 on Monday. Fox Factory has a 52 week low of $77.21 and a 52 week high of $190.29. The company has a 50-day simple moving average of $95.93 and a 200 day simple moving average of $134.99. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 0.85 and a beta of 1.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.94 and a current ratio of 3.15.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Whittier Trust Co. boosted its stake in shares of Fox Factory by 3.3% in the 4th quarter. Whittier Trust Co. now owns 37,527 shares of the company’s stock valued at $6,383,000 after purchasing an additional 1,210 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Fox Factory by 2.5% in the 3rd quarter. Royal Bank of Canada now owns 348,040 shares of the company’s stock valued at $50,306,000 after purchasing an additional 8,388 shares during the last quarter. Cim LLC boosted its stake in shares of Fox Factory by 3.9% in the 4th quarter. Cim LLC now owns 2,952 shares of the company’s stock valued at $380,000 after purchasing an additional 111 shares during the last quarter. NFJ Investment Group LLC boosted its stake in shares of Fox Factory by 43.7% in the 3rd quarter. NFJ Investment Group LLC now owns 17,202 shares of the company’s stock valued at $2,487,000 after purchasing an additional 5,230 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Fox Factory by 161.5% in the 4th quarter. American Century Companies Inc. now owns 236,522 shares of the company’s stock valued at $40,233,000 after purchasing an additional 146,077 shares during the last quarter. Hedge funds and other institutional investors own 99.49% of the company’s stock.

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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Earnings History and Estimates for Fox Factory (NASDAQ:FOXF)

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