Fox Factory (FOXF) Scheduled to Post Quarterly Earnings on Thursday

Fox Factory (NASDAQ:FOXF) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Fox Factory to post earnings of $0.19 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.34). The firm had revenue of $332.50 million during the quarter, compared to analyst estimates of $327.07 million. Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The firm’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter last year, the firm posted $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 $39.88 on Thursday. The company has a fifty day moving average of $50.28 and a 200-day moving average of $62.32. The firm has a market capitalization of $1.67 billion, a P/E ratio of 13.99, a P/E/G ratio of 3.42 and a beta of 1.64. The company has a quick ratio of 1.91, a current ratio of 3.70 and a debt-to-equity ratio of 0.61. Fox Factory has a twelve month low of $39.17 and a twelve month high of $117.68.

Wall Street Analysts Forecast Growth

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