Wall Street analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to announce $125.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Fox Factory’s earnings, with the highest sales estimate coming in at $126.80 million and the lowest estimate coming in at $123.00 million. Fox Factory reported sales of $106.33 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.1%. The company is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Fox Factory will report full-year sales of $125.55 million for the current financial year, with estimates ranging from $552.70 million to $564.70 million. For the next fiscal year, analysts anticipate that the company will post sales of $605.19 million per share, with estimates ranging from $596.57 million to $618.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Fox Factory.
Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $121.09 million for the quarter, compared to analyst estimates of $118.84 million. Fox Factory had a net margin of 9.07% and a return on equity of 27.95%.
Shares of Fox Factory (FOXF) traded up $0.50 during trading on Friday, hitting $37.30. 87,421 shares of the company traded hands, compared to its average volume of 207,811. The company has a market cap of $1,383.99, a price-to-earnings ratio of 23.29, a PEG ratio of 1.70 and a beta of 0.57. The company has a quick ratio of 1.37, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. Fox Factory has a 12 month low of $25.74 and a 12 month high of $46.80.
In other Fox Factory news, CEO Larry L. Enterline sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $38.08, for a total transaction of $2,856,000.00. Following the sale, the chief executive officer now directly owns 124,934 shares of the company’s stock, valued at approximately $4,757,486.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Fox Factory in the 4th quarter worth approximately $293,000. MetLife Investment Advisors LLC acquired a new position in shares of Fox Factory in the 4th quarter worth approximately $645,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Fox Factory by 13.3% in 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 during the period. Macquarie Group Ltd. lifted its position in shares of Fox Factory by 19.4% in the 4th quarter. Macquarie Group Ltd. now owns 42,441 shares of the company’s stock worth $1,649,000 after purchasing an additional 6,899 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Fox Factory by 575.8% in the 4th quarter. Millennium Management LLC now owns 53,375 shares of the company’s stock worth $2,074,000 after purchasing an additional 45,477 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.
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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