Wall Street analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to announce $188.32 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Fox Factory’s earnings. The lowest sales estimate is $185.10 million and the highest is $190.30 million. Fox Factory posted sales of $156.83 million in the same quarter last year, which would indicate a positive year over year growth rate of 20.1%. The business is expected to report its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Fox Factory will report full year sales of $730.14 million for the current financial year, with estimates ranging from $723.50 million to $733.00 million. For the next financial year, analysts forecast that the firm will report sales of $798.08 million, with estimates ranging from $790.00 million to $806.70 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Fox Factory.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Wednesday, May 1st. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Fox Factory had a net margin of 12.43% and a return on equity of 30.57%. The business had revenue of $161.70 million during the quarter, compared to the consensus estimate of $156.30 million. During the same quarter last year, the firm earned $0.36 earnings per share. Fox Factory’s quarterly revenue was up 24.6% on a year-over-year basis.

A number of brokerages recently weighed in on FOXF. BidaskClub downgraded shares of Fox Factory from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Friday, May 3rd. Finally, SunTrust Banks lifted their target price on shares of Fox Factory to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $66.57.

NASDAQ FOXF traded up $2.28 during mid-day trading on Friday, reaching $67.93. 114,700 shares of the stock were exchanged, compared to its average volume of 240,605. Fox Factory has a one year low of $38.70 and a one year high of $79.46. The company has a market capitalization of $2.55 billion, a PE ratio of 30.60, a P/E/G ratio of 1.65 and a beta of 1.14. The company has a quick ratio of 1.29, a current ratio of 2.39 and a debt-to-equity ratio of 0.19.

In other Fox Factory news, CFO Zvi Glasman sold 5,000 shares of Fox Factory stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer now directly owns 30,511 shares of the company’s stock, valued at $1,983,215. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Larry L. Enterline sold 177,000 shares of Fox Factory stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $63.98, for a total transaction of $11,324,460.00. Following the completion of the sale, the chief executive officer now directly owns 95,335 shares of the company’s stock, valued at $6,099,533.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,040 shares of company stock valued at $14,341,598. Insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC bought a new stake in Fox Factory in the first quarter valued at $31,000. Cresset Asset Management LLC acquired a new position in shares of Fox Factory during the first quarter valued at about $32,000. Huntington National Bank acquired a new position in shares of Fox Factory during the first quarter valued at about $33,000. Private Capital Group LLC grew its holdings in shares of Fox Factory by 78.0% during the first quarter. Private Capital Group LLC now owns 557 shares of the company’s stock valued at $39,000 after buying an additional 244 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of Fox Factory by 751.3% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 647 shares of the company’s stock valued at $38,000 after buying an additional 571 shares during the last quarter. 96.17% of the stock is owned by hedge funds and other institutional investors.

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

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