Fox Factory (NASDAQ:FOXF) Issues FY 2025 Earnings Guidance

Key Points

• Fox Factory has updated its FY 2025 earnings guidance, projecting earnings per share of 1.600-2.000 compared to the consensus estimate of 1.805, with revenue guidance set at $1.5 billion.
• The company's stock rose 3.0% to $30.10 following the earnings guidance update, with a market cap of $1.26 billion.
• Brokerages have mixed views with Stifel Nicolaus lowering its price target from $40.00 to $34.00 while Truist Financial increased its target from $28.00 to $34.00, maintaining a buy rating.

Fox Factory (NASDAQ:FOXF - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.600-2.000 for the period, compared to the consensus EPS estimate of 1.805. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Fox Factory also updated its Q3 2025 guidance to 0.450-0.650 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday. Truist Financial boosted their target price on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, B. Riley reiterated a "neutral" rating and set a $32.00 target price (up previously from $26.00) on shares of Fox Factory in a research report on Friday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $34.86.

Fox Factory Trading Down 3.9%

NASDAQ:FOXF traded down $1.10 on Monday, reaching $26.98. The company's stock had a trading volume of 277,215 shares, compared to its average volume of 615,261. Fox Factory has a 1-year low of $17.95 and a 1-year high of $44.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03. The firm has a market cap of $1.13 billion, a PE ratio of -4.45 and a beta of 1.50. The business's 50-day moving average price is $27.41 and its two-hundred day moving average price is $25.30.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The firm had revenue of $374.86 million for the quarter, compared to the consensus estimate of $349.01 million. Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%. Fox Factory's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. Equities research analysts anticipate that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fox Factory

A number of large investors have recently added to or reduced their stakes in FOXF. Dynamic Technology Lab Private Ltd bought a new position in shares of Fox Factory in the 1st quarter valued at about $263,000. Royal Bank of Canada raised its holdings in Fox Factory by 82.2% during the first quarter. Royal Bank of Canada now owns 12,898 shares of the company's stock worth $301,000 after acquiring an additional 5,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Fox Factory by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company's stock worth $587,000 after acquiring an additional 1,103 shares in the last quarter. Jane Street Group LLC raised its holdings in Fox Factory by 123.8% during the first quarter. Jane Street Group LLC now owns 79,445 shares of the company's stock worth $1,854,000 after acquiring an additional 43,952 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Fox Factory by 20.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company's stock worth $2,041,000 after acquiring an additional 15,021 shares in the last quarter.

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.