Fox Factory (NASDAQ:FOXF) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Fox Factory (NASDAQ:FOXFGet Free Report) posted its quarterly earnings data on Thursday. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07), Briefing.com reports. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The business had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. During the same period in the previous year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year.

Fox Factory Trading Down 5.5 %

NASDAQ:FOXF opened at $34.02 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 3.13. Fox Factory has a 1 year low of $31.19 and a 1 year high of $86.14. The stock has a market cap of $1.42 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.52 and a beta of 1.64. The stock has a 50-day simple moving average of $39.61 and a 200-day simple moving average of $43.31.

Insider Buying and Selling

In related news, CEO Michael C. Dennison bought 4,800 shares of the stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $41.44 per share, for a total transaction of $198,912.00. Following the acquisition, the chief executive officer now owns 135,066 shares in the company, valued at approximately $5,597,135.04. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

FOXF has been the subject of several research reports. Robert W. Baird dropped their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday. Truist Financial lowered their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday. B. Riley reduced their price target on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Roth Mkm decreased their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Bank of America cut their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.50.

Read Our Latest Stock Report on Fox Factory

Fox Factory Company Profile

(Get Free Report)

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.

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Earnings History for Fox Factory (NASDAQ:FOXF)

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