Fox Factory (NASDAQ:FOXF – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.350-0.500 for the period, compared to the consensus estimate of 0.810. The company issued revenue guidance of $355.0 million-$385.0 million, compared to the consensus revenue estimate of $416.0 million. Fox Factory also updated its FY 2024 guidance to 1.400-1.720 EPS.
Fox Factory Price Performance
Shares of NASDAQ:FOXF traded down $8.05 during midday trading on Friday, reaching $41.48. 1,501,707 shares of the company’s stock were exchanged, compared to its average volume of 478,198. The company’s 50 day simple moving average is $47.79 and its two-hundred day simple moving average is $50.32. The firm has a market capitalization of $1.73 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.66. Fox Factory has a 12 month low of $37.98 and a 12 month high of $117.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 3.43.
Fox Factory (NASDAQ:FOXF – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $348.49 million during the quarter, compared to the consensus estimate of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.62%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS. Equities research analysts expect that Fox Factory will post 2.4 earnings per share for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Stock Report on FOXF
Insider Transactions at Fox Factory
In other Fox Factory news, CEO Michael C. Dennison purchased 11,250 shares of the stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $44.30 per share, for a total transaction of $498,375.00. Following the transaction, the chief executive officer now directly owns 130,266 shares in the company, valued at $5,770,783.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael C. Dennison acquired 11,250 shares of Fox Factory stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $44.30 per share, with a total value of $498,375.00. Following the purchase, the chief executive officer now directly owns 130,266 shares of the company’s stock, valued at $5,770,783.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas L. Fletcher sold 2,000 shares of Fox Factory stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $44.41, for a total transaction of $88,820.00. Following the transaction, the insider now directly owns 11,311 shares in the company, valued at approximately $502,321.51. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
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.
Read More
- Five stocks we like better than Fox Factory
- 3 Warren Buffett Stocks to Buy Now
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- How to Use the MarketBeat Stock Screener
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- What is a Special Dividend?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.