Wall Street brokerages expect Fox Factory Holding Corp (NASDAQ:FOXF) to announce earnings of $0.56 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Fox Factory’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.55. Fox Factory posted earnings per share of $0.38 during the same quarter last year, which would suggest a positive year-over-year growth rate of 47.4%. The firm is expected to issue its next earnings report on Tuesday, February 26th.

On average, analysts expect that Fox Factory will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.21. For the next financial year, analysts anticipate that the firm will report earnings of $2.45 per share, with EPS estimates ranging from $2.40 to $2.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Fox Factory.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The company had revenue of $175.80 million during the quarter, compared to analysts’ expectations of $173.33 million. Fox Factory had a net margin of 11.43% and a return on equity of 29.77%. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS.

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Fox Factory from $42.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. ValuEngine raised shares of Fox Factory from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 3rd. Jefferies Financial Group upped 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 raised shares of Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. Finally, Stifel Nicolaus upped their price objective on shares of Fox Factory from $42.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $63.83.

In other news, insider Christopher Tutton sold 1,000 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $65.00, for a total transaction of $65,000.00. Following the transaction, the insider now owns 37,485 shares of the company’s stock, valued at $2,436,525. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zvi Glasman sold 1,600 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $64.79, for a total transaction of $103,664.00. Following the transaction, the chief financial officer now directly owns 40,567 shares in the company, valued at approximately $2,628,335.93. The disclosure for this sale can be found here. Insiders have sold 150,074 shares of company stock worth $10,274,222 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Several hedge funds have recently modified their holdings of FOXF. Legal & General Group Plc lifted its position in shares of Fox Factory by 2.5% during the first quarter. Legal & General Group Plc now owns 69,532 shares of the company’s stock worth $2,411,000 after purchasing an additional 1,709 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of Fox Factory during the first quarter worth about $252,000. Principal Financial Group Inc. lifted its position in shares of Fox Factory by 2.6% during the first quarter. Principal Financial Group Inc. now owns 316,439 shares of the company’s stock worth $11,044,000 after purchasing an additional 8,107 shares during the last quarter. Amalgamated Bank bought a new position in shares of Fox Factory during the second quarter worth about $274,000. Finally, Hartford Investment Management Co. bought a new position in shares of Fox Factory during the second quarter worth about $300,000. 96.65% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:FOXF traded down $2.41 on Monday, reaching $72.76. The stock had a trading volume of 289,758 shares, compared to its average volume of 254,761. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 1.19. The stock has a market cap of $2.86 billion, a P/E ratio of 45.76, a PEG ratio of 1.98 and a beta of 1.22. Fox Factory has a 12-month low of $33.20 and a 12-month high of $76.77.

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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