Fox Factory (NASDAQ:FOXF) Posts Earnings Results, Beats Expectations By $0.02 EPS

Fox Factory (NASDAQ:FOXF - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.02, Zacks reports. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. Fox Factory updated its Q1 2025 guidance to 0.120-0.320 EPS and its FY 2025 guidance to 1.600-2.600 EPS.

Fox Factory Stock Performance

Shares of FOXF traded down $0.48 during mid-day trading on Monday, reaching $27.25. The company's stock had a trading volume of 818,106 shares, compared to its average volume of 515,673. Fox Factory has a 1-year low of $25.17 and a 1-year high of $54.85. The stock has a market cap of $1.14 billion, a P/E ratio of 104.81, a PEG ratio of 1.45 and a beta of 1.58. The business has a 50-day simple moving average of $27.84 and a two-hundred day simple moving average of $33.66. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

Wall Street Analyst Weigh In

FOXF has been the subject of a number of research reports. StockNews.com upgraded Fox Factory from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. Stifel Nicolaus upgraded Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a report on Wednesday, December 11th. Robert W. Baird reduced their price target on Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday. Truist Financial reduced their price target on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group reduced their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Fox Factory presently has an average rating of "Hold" and an average price target of $39.14.

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About Fox Factory

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.