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

On average, analysts expect that Fox Factory will report full year sales of $730.14 million for the current year, with estimates ranging from $723.50 million to $733.00 million. For the next financial year, analysts anticipate that the business will report sales of $798.08 million, with estimates ranging from $790.00 million to $806.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Fox Factory.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The business had revenue of $161.70 million during the quarter, compared to analysts’ expectations of $156.30 million. Fox Factory had a return on equity of 30.57% and a net margin of 12.43%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS.

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

In related news, insider Christopher Tutton sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.94, for a total value of $151,880.00. Following the completion of the sale, the insider now directly owns 30,445 shares in the company, valued at approximately $2,311,993.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Larry L. Enterline sold 177,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $63.98, for a total value of $11,324,460.00. Following the completion of the sale, the chief executive officer now 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 90 days, insiders sold 215,395 shares of company stock valued at $14,007,901. Corporate insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Fox Factory by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 128,551 shares of the company’s stock worth $9,005,000 after buying an additional 20,306 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Fox Factory by 6.8% during the third quarter. Teachers Advisors LLC now owns 72,471 shares of the company’s stock worth $5,077,000 after buying an additional 4,633 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Fox Factory by 18.7% during the third quarter. Legal & General Group Plc now owns 88,174 shares of the company’s stock worth $6,176,000 after buying an additional 13,871 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Fox Factory by 38.4% during the third quarter. Vanguard Group Inc. now owns 2,909,215 shares of the company’s stock worth $203,790,000 after buying an additional 806,477 shares during the last quarter. Finally, Federated Investors Inc. PA acquired a new position in shares of Fox Factory during the third quarter worth approximately $7,349,000. Hedge funds and other institutional investors own 99.60% of the company’s stock.

Shares of NASDAQ FOXF opened at $70.73 on Friday. The company has a market capitalization of $2.70 billion, a P/E ratio of 31.86, a PEG ratio of 1.67 and a beta of 1.14. Fox Factory has a 52 week low of $37.05 and a 52 week high of $79.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.39 and a quick ratio of 1.29.

Fox Factory Company Profile

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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