Equities research analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to report earnings of $0.79 per share for the current quarter, according to Zacks. Five analysts have made estimates for Fox Factory’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.80. Fox Factory posted earnings per share of $0.72 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The business is expected to issue its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that Fox Factory will report full-year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.60 to $2.64. For the next financial year, analysts expect that the company will report earnings of $2.94 per share, with EPS estimates ranging from $2.86 to $3.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Fox Factory.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Wednesday, July 31st. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Fox Factory had a return on equity of 29.77% and a net margin of 12.45%. The firm had revenue of $192.10 million during the quarter, compared to the consensus estimate of $187.96 million. During the same period in the prior year, the company earned $0.56 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year.

FOXF has been the topic of several research analyst reports. Zacks Investment Research raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Friday, August 2nd. BidaskClub cut shares of Fox Factory from a “sell” rating to a “strong sell” rating in a report on Saturday. Stifel Nicolaus lifted their price objective on shares of Fox Factory from $72.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Bank of America reissued a “neutral” rating and set a $86.00 price objective (up from $78.00) on shares of Fox Factory in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $75.83.

In other Fox Factory news, CFO Zvi Glasman sold 5,000 shares of Fox Factory stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the transaction, the chief financial officer now owns 20,284 shares in the company, valued at approximately $1,622,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Tutton sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $75.24, for a total value of $75,240.00. Following the completion of the transaction, the insider now directly owns 21,604 shares of the company’s stock, valued at approximately $1,625,484.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,044 shares of company stock worth $2,697,208. 2.30% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Fox Factory by 1,594.8% in the second quarter. JPMorgan Chase & Co. now owns 520,571 shares of the company’s stock valued at $42,431,000 after acquiring an additional 489,856 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Fox Factory during the 2nd quarter worth approximately $28,317,000. Carillon Tower Advisers Inc. acquired a new stake in shares of Fox Factory during the 2nd quarter worth approximately $25,496,000. Neuberger Berman Group LLC increased its holdings in shares of Fox Factory by 9.3% during the 1st quarter. Neuberger Berman Group LLC now owns 3,126,980 shares of the company’s stock valued at $218,545,000 after purchasing an additional 266,505 shares in the last quarter. Finally, Redwood Investments LLC purchased a new position in shares of Fox Factory during the 2nd quarter valued at approximately $21,434,000. Institutional investors own 99.71% of the company’s stock.

Shares of FOXF stock traded up $1.55 during trading hours on Friday, reaching $69.17. 69,708 shares of the company’s stock were exchanged, compared to its average volume of 226,237. Fox Factory has a 1 year low of $49.97 and a 1 year high of $86.91. The company has a current ratio of 2.73, a quick ratio of 1.45 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.66 billion, a PE ratio of 31.16, a PEG ratio of 1.54 and a beta of 1.35. The stock’s fifty day moving average price is $74.69 and its two-hundred day moving average price is $73.81.

About Fox Factory

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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