Fox Factory (FOXF) Scheduled to Post Quarterly Earnings on Thursday

Fox Factory (NASDAQ:FOXF) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.34). The company had revenue of $332.50 million during the quarter, compared to analyst estimates of $327.07 million. Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The business’s revenue for the quarter was down 18.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 EPS. On average, analysts expect Fox Factory to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fox Factory Stock Performance

FOXF stock opened at $39.88 on Thursday. The company has a market capitalization of $1.67 billion, a P/E ratio of 13.99, a PEG ratio of 3.42 and a beta of 1.64. The company has a 50-day simple moving average of $50.28 and a 200 day simple moving average of $62.32. Fox Factory has a fifty-two week low of $39.17 and a fifty-two week high of $117.68. The company has a quick ratio of 1.91, a current ratio of 3.70 and a debt-to-equity ratio of 0.61.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday. StockNews.com downgraded shares of Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Truist Financial reduced their price objective on shares of Fox Factory from $90.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Finally, Bank of America downgraded shares of Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $66.00.

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.