Fox Factory (FOXF) Expected to Announce Quarterly Earnings on Thursday

Fox Factory (NASDAQ:FOXF) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $321.31 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Fox Factory Stock Up 1.8 %

NASDAQ FOXF opened at $26.45 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory has a 52 week low of $25.17 and a 52 week high of $54.85. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 101.75, a PEG ratio of 1.45 and a beta of 1.58. The company has a fifty day moving average of $28.04 and a two-hundred day moving average of $33.94.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial cut their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Roth Mkm reduced their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, December 11th. Robert W. Baird cut their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Fox Factory has an average rating of “Hold” and an average target price of $40.33.

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.