Equities analysts forecast that Fox Factory Holding Corp (NASDAQ:FOXF) will post sales of $125.55 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Fox Factory’s earnings, with the lowest sales estimate coming in at $123.00 million and the highest estimate coming in at $126.80 million. Fox Factory posted sales of $106.33 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.1%. The firm is scheduled to issue its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Fox Factory will report full-year sales of $125.55 million for the current year, with estimates ranging from $552.70 million to $564.70 million. For the next financial year, analysts forecast that the business will report sales of $605.19 million per share, with estimates ranging from $596.57 million to $618.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Fox Factory.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. Fox Factory had a return on equity of 27.95% and a net margin of 9.07%. The business had revenue of $121.09 million during the quarter, compared to analysts’ expectations of $118.84 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. grew its stake in Fox Factory by 13.4% during the 4th quarter. First Mercantile Trust Co. now owns 15,232 shares of the company’s stock worth $592,000 after purchasing an additional 1,804 shares in the last quarter. American International Group Inc. grew its stake in Fox Factory by 7.1% during the 3rd quarter. American International Group Inc. now owns 28,042 shares of the company’s stock worth $1,209,000 after purchasing an additional 1,850 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Fox Factory by 13.3% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 15,970 shares of the company’s stock worth $620,000 after purchasing an additional 1,880 shares in the last quarter. California Public Employees Retirement System grew its stake in Fox Factory by 10.8% during the 4th quarter. California Public Employees Retirement System now owns 27,874 shares of the company’s stock worth $1,083,000 after purchasing an additional 2,722 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Fox Factory by 34.5% during the 4th quarter. M&T Bank Corp now owns 11,040 shares of the company’s stock worth $429,000 after purchasing an additional 2,833 shares in the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ FOXF traded down $0.50 during trading on Wednesday, reaching $34.40. The stock had a trading volume of 327,115 shares, compared to its average volume of 245,129. Fox Factory has a fifty-two week low of $26.40 and a fifty-two week high of $46.80. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1,314.20, a PE ratio of 21.64, a PEG ratio of 1.87 and a beta of 0.63.
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About Fox Factory
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
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