Wall Street analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to post earnings per share (EPS) of $0.66 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Fox Factory’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.68. Fox Factory reported earnings per share of $0.46 during the same quarter last year, which would suggest a positive year over year growth rate of 43.5%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Fox Factory will report full-year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.13. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.35 per share, with EPS estimates ranging from $2.25 to $2.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Fox Factory.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. Fox Factory had a return on equity of 27.73% and a net margin of 10.93%. The firm had revenue of $156.80 million for the quarter, compared to analyst estimates of $146.72 million. During the same quarter last year, the company posted $0.39 earnings per share. The business’s revenue was up 29.8% on a year-over-year basis.

A number of equities research analysts recently commented on FOXF shares. ValuEngine upgraded shares of Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Bank of America raised their price objective on shares of Fox Factory from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Jefferies Financial Group raised their price objective on shares of Fox Factory from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. BidaskClub upgraded shares of Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Finally, Zacks Investment Research upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, July 5th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $53.14.

In other news, CFO Zvi Glasman sold 5,000 shares of Fox Factory stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $64.06, for a total transaction of $320,300.00. Following the completion of the sale, the chief financial officer now directly owns 40,567 shares in the company, valued at approximately $2,598,722.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP William H. Katherman sold 7,287 shares of Fox Factory stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $63.02, for a total transaction of $459,226.74. Following the sale, the senior vice president now owns 34,186 shares of the company’s stock, valued at $2,154,401.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,815 shares of company stock valued at $6,123,563. Insiders own 5.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Kessler Investment Group LLC acquired a new stake in shares of Fox Factory during the 2nd quarter valued at approximately $144,000. SG Americas Securities LLC acquired a new stake in shares of Fox Factory during the 1st quarter valued at approximately $118,000. Amalgamated Bank acquired a new stake in shares of Fox Factory during the 2nd quarter valued at approximately $274,000. Hartford Investment Management Co. acquired a new stake in shares of Fox Factory during the 2nd quarter valued at approximately $300,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Fox Factory during the 1st quarter valued at approximately $252,000. Institutional investors own 99.16% of the company’s stock.

NASDAQ:FOXF traded up $1.80 during mid-day trading on Friday, reaching $69.95. The stock had a trading volume of 300,840 shares, compared to its average volume of 238,100. The company has a quick ratio of 1.20, a current ratio of 2.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.64 billion, a P/E ratio of 43.99, a PEG ratio of 1.99 and a beta of 0.82. Fox Factory has a twelve month low of $33.20 and a twelve month high of $71.80.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

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