Vista Outdoor Inc (NYSE:VSTO) Expected to Announce Earnings of $0.08 Per Share

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Wall Street analysts predict that Vista Outdoor Inc (NYSE:VSTO) will post $0.08 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Vista Outdoor’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.04. Vista Outdoor reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year over year growth rate of 700%. The company is scheduled to report its next earnings report on Thursday, May 14th.

On average, analysts expect that Vista Outdoor will report full year earnings of $0.20 per share for the current year, with EPS estimates ranging from $0.17 to $0.24. For the next fiscal year, analysts expect that the business will report earnings of $0.38 per share, with EPS estimates ranging from $0.35 to $0.41. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.08. The business had revenue of $424.77 million for the quarter, compared to the consensus estimate of $419.47 million. Vista Outdoor had a negative net margin of 3.39% and a positive return on equity of 1.34%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share.

A number of analysts recently commented on the stock. Cowen reissued a “hold” rating and set a $9.00 price objective on shares of Vista Outdoor in a report on Sunday, November 10th. Zacks Investment Research downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a report on Saturday, February 8th. B. Riley reissued a “buy” rating and set a $12.00 price objective on shares of Vista Outdoor in a report on Wednesday, January 22nd. ValuEngine downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Lake Street Capital reissued a “buy” rating and set a $12.00 price objective (up previously from $10.00) on shares of Vista Outdoor in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.88.

VSTO stock traded down $0.02 during trading on Friday, reaching $9.38. 620,491 shares of the company were exchanged, compared to its average volume of 594,489. The company has a market cap of $537.13 million, a P/E ratio of -8.61 and a beta of 0.54. Vista Outdoor has a 52-week low of $4.30 and a 52-week high of $10.42. The stock’s 50 day moving average price is $8.00 and its 200 day moving average price is $7.13. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.90.

A number of institutional investors and hedge funds have recently made changes to their positions in VSTO. Bank of Montreal Can raised its position in Vista Outdoor by 40.8% during the fourth quarter. Bank of Montreal Can now owns 7,749 shares of the company’s stock worth $58,000 after acquiring an additional 2,245 shares during the last quarter. Stifel Financial Corp acquired a new position in Vista Outdoor during the third quarter worth about $62,000. PNC Financial Services Group Inc. raised its position in Vista Outdoor by 14.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,743 shares of the company’s stock worth $73,000 after acquiring an additional 1,227 shares during the last quarter. SG Americas Securities LLC acquired a new position in Vista Outdoor during the fourth quarter worth about $78,000. Finally, Victory Capital Management Inc. raised its position in Vista Outdoor by 39.8% during the fourth quarter. Victory Capital Management Inc. now owns 11,192 shares of the company’s stock worth $84,000 after acquiring an additional 3,188 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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Earnings History and Estimates for Vista Outdoor (NYSE:VSTO)

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