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 Trading Down 16.3 %
Shares of Fox Factory stock traded down $8.05 on Friday, reaching $41.48. The company had a trading volume of 1,501,707 shares, compared to its average volume of 478,198. The firm’s 50-day moving average price is $47.79 and its two-hundred day moving average price is $50.32. Fox Factory has a 1 year low of $37.98 and a 1 year high of $117.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.43 and a quick ratio of 1.85. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 2.10 and a beta of 1.66.
Fox Factory (NASDAQ:FOXF – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Fox Factory had a return on equity of 7.62% and a net margin of 3.07%. The company had revenue of $348.49 million during the quarter, compared to analysts’ expectations of $346.22 million. During the same quarter in the previous year, the business earned $1.21 EPS. Fox Factory’s revenue was down 13.0% compared to the same quarter last year. As a group, research analysts predict that Fox Factory will post 2.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Fox Factory
Insider Buying and Selling at Fox Factory
In other news, insider Thomas L. Fletcher sold 2,000 shares of the business’s 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 sale, the insider now owns 11,311 shares of the company’s stock, valued at approximately $502,321.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 completion of the transaction, the insider now directly owns 11,311 shares in the company, valued at approximately $502,321.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael C. Dennison purchased 11,250 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $44.30 per share, with a total value of $498,375.00. Following the completion of the acquisition, the chief executive officer now directly owns 130,266 shares in the company, valued at approximately $5,770,783.80. The disclosure for this purchase 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.
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