Fox Factory (NASDAQ:FOXF) Issues Earnings Results

Fox Factory (NASDAQ:FOXF) released its quarterly earnings data on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02, Zacks reports. The business had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. Fox Factory updated its Q1 2025 guidance to 0.120-0.320 EPS and its FY 2025 guidance to 1.600-2.600 EPS.

Fox Factory Stock Up 8.8 %

Shares of FOXF stock opened at $27.73 on Friday. Fox Factory has a fifty-two week low of $25.17 and a fifty-two week high of $54.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The firm has a market capitalization of $1.16 billion, a PE ratio of 106.66, a P/E/G ratio of 1.45 and a beta of 1.58. The stock’s 50-day simple moving average is $27.88 and its 200-day simple moving average is $33.83.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FOXF. Roth Mkm cut their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Truist Financial lowered their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Robert W. Baird lowered their target price on Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Friday. Finally, Jefferies Financial Group lowered their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.14.

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.