Fox Factory (NASDAQ:FOXF) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $0.900-$1.100 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.030. The company issued revenue guidance of $315 million-$335 million, compared to the consensus revenue estimate of $308.04 million.Fox Factory also updated its FY 2021 guidance to $4.350-$4.550 EPS.
NASDAQ:FOXF traded down $1.87 on Thursday, reaching $183.44. The company’s stock had a trading volume of 83,584 shares, compared to its average volume of 213,185. Fox Factory has a 12-month low of $85.29 and a 12-month high of $190.29. The company has a quick ratio of 1.97, a current ratio of 2.89 and a debt-to-equity ratio of 0.43. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 1.64 and a beta of 1.78. The stock has a 50 day moving average price of $161.24 and a 200 day moving average price of $156.10.
Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, November 4th. The company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.06. Fox Factory had a return on equity of 23.50% and a net margin of 12.95%. The company had revenue of $347.44 million for the quarter, compared to the consensus estimate of $317.73 million. During the same quarter in the previous year, the business earned $1.07 earnings per share. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. Equities research analysts expect that Fox Factory will post 4.49 EPS for the current fiscal year.
In related news, CEO Michael C. Dennison sold 5,000 shares of the business’s stock in a transaction on Thursday, October 14th. The stock was sold at an average price of $154.00, for a total transaction of $770,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG boosted its position in shares of Fox Factory by 15.6% in the 3rd quarter. UBS Group AG now owns 13,337 shares of the company’s stock valued at $1,927,000 after purchasing an additional 1,798 shares during the period. LPL Financial LLC raised its stake in shares of Fox Factory by 165.1% during the 3rd quarter. LPL Financial LLC now owns 6,600 shares of the company’s stock worth $954,000 after buying an additional 4,110 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Fox Factory by 9.9% during the 2nd quarter. Morgan Stanley now owns 121,660 shares of the company’s stock worth $18,937,000 after buying an additional 10,936 shares in the last quarter.
About Fox Factory
Fox Factory Holding Corp. engages in designing, engineering, manufacturing and marketing performance ride dynamics products. The firm offers bicycles, side-by-sides and 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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