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

Fox Factory (NASDAQ:FOXF - Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.34). Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The company had revenue of $332.50 million during the quarter, compared to the consensus estimate of $327.07 million. During the same period in the prior year, the firm posted $1.43 earnings per share. The company's revenue was down 18.6% on a year-over-year basis. 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 Price Performance

Shares of NASDAQ FOXF traded down $0.51 during trading on Thursday, reaching $39.37. The company had a trading volume of 592,945 shares, compared to its average volume of 605,988. Fox Factory has a 52 week low of $38.80 and a 52 week high of $117.68. The stock has a market cap of $1.65 billion, a PE ratio of 13.69, a PEG ratio of 3.42 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 3.70. The business's 50 day moving average price is $49.75 and its 200-day moving average price is $62.16.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Fox Factory from $56.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday. Truist Financial dropped their price target on shares of Fox Factory from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, February 23rd. 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 research note on Friday, February 23rd. Finally, StockNews.com downgraded shares of Fox Factory from a "hold" rating to a "sell" rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $66.00.

About Fox Factory

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.