Fox Factory (FOXF) Set to Announce Quarterly Earnings on Thursday

Fox Factory (NASDAQ:FOXF - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. Fox Factory had a return on equity of 7.66% and a net margin of 3.07%. The company had revenue of $348.49 million during the quarter, compared to the consensus estimate of $346.22 million. During the same quarter last year, the firm earned $1.21 earnings per share. The company's revenue was down 13.0% on a year-over-year basis. On average, analysts expect Fox Factory to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fox Factory Stock Performance

Shares of FOXF stock traded up $0.26 on Thursday, hitting $37.28. The company's stock had a trading volume of 223,610 shares, compared to its average volume of 571,684. Fox Factory has a fifty-two week low of $34.56 and a fifty-two week high of $86.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 3.13. The stock's 50 day moving average is $40.05 and its 200-day moving average is $43.60. The company has a market capitalization of $1.55 billion, a PE ratio of 20.70, a PEG ratio of 2.67 and a beta of 1.64.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. B. Riley lowered their target price on shares of Fox Factory from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Truist Financial lowered their price objective on Fox Factory from $55.00 to $54.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Bank of America cut their target price on Fox Factory from $53.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Finally, Robert W. Baird decreased their price target on Fox Factory from $48.00 to $45.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $46.17.

Insider Buying and Selling at Fox Factory

In other Fox Factory news, CEO Michael C. Dennison acquired 4,800 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the transaction, the chief executive officer now directly owns 135,066 shares in the company, valued at $5,597,135.04. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.30% of the company's stock.

Fox Factory Company Profile

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.