$206.77 Million in Sales Expected for Fox Factory Holding Corp (NASDAQ:FOXF) This Quarter
Wall Street brokerages expect that Fox Factory Holding Corp (NASDAQ:FOXF) will post sales of $206.77 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Fox Factory’s earnings. The highest sales estimate is $208.00 million and the lowest is $206.00 million. Fox Factory reported sales of $175.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The firm is scheduled to issue its next earnings results on Wednesday, October 30th.
On average, analysts expect that Fox Factory will report full year sales of $740.87 million for the current financial year, with estimates ranging from $736.00 million to $743.00 million. For the next fiscal year, analysts expect that the business will post sales of $815.57 million, with estimates ranging from $800.00 million to $830.96 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Fox Factory.
Fox Factory (NASDAQ:FOXF) last posted its earnings results on Wednesday, July 31st. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The business had revenue of $192.10 million for the quarter, compared to analyst estimates of $187.96 million. Fox Factory had a net margin of 12.45% and a return on equity of 29.77%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS.
In related news, insider Christopher Tutton sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $75.24, for a total value of $75,240.00. Following the sale, the insider now directly owns 21,604 shares in the company, valued at approximately $1,625,484.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zvi Glasman sold 5,000 shares of Fox Factory stock in a transaction on Friday, June 21st. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the sale, the chief financial officer now directly owns 20,284 shares in the company, valued at approximately $1,622,720. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,044 shares of company stock valued at $2,697,208. Corporate insiders own 2.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FOXF. Tower Research Capital LLC TRC bought a new position in Fox Factory in the 2nd quarter valued at about $60,000. Convergence Investment Partners LLC acquired a new stake in shares of Fox Factory during the 2nd quarter worth approximately $145,000. Oppenheimer & Co. Inc. bought a new stake in shares of Fox Factory during the first quarter worth approximately $208,000. Cim LLC bought a new stake in shares of Fox Factory during the second quarter worth approximately $217,000. Finally, Marco Investment Management LLC acquired a new position in Fox Factory in the second quarter valued at approximately $219,000. 99.71% of the stock is owned by institutional investors.
Fox Factory stock traded up $1.55 during mid-day trading on Friday, reaching $69.17. The company’s stock had a trading volume of 69,708 shares, compared to its average volume of 226,237. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 1.54 and a beta of 1.35. Fox Factory has a twelve month low of $49.97 and a twelve month high of $86.91. The business has a 50 day moving average price of $74.69 and a 200-day moving average price of $73.81. The company has a current ratio of 2.73, a quick ratio of 1.45 and a debt-to-equity ratio of 0.21.
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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