Vista Outdoor Inc (VSTO) Expected to Post Earnings of $0.05 Per Share

Equities research analysts expect Vista Outdoor Inc (NYSE:VSTO) to post earnings per share (EPS) of $0.05 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Vista Outdoor’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.08. Vista Outdoor reported earnings per share of $0.13 in the same quarter last year, which suggests a negative year over year growth rate of 61.5%. The firm is expected to announce its next earnings results on Thursday, February 14th.

On average, analysts expect that Vista Outdoor will report full-year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.30. For the next year, analysts expect that the firm will post earnings of $0.53 per share, with EPS estimates ranging from $0.50 to $0.55. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, November 1st. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The firm had revenue of $546.60 million for the quarter, compared to the consensus estimate of $541.20 million. Vista Outdoor had a negative net margin of 2.13% and a negative return on equity of 0.19%. The company’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS.

A number of analysts have recently weighed in on VSTO shares. Roth Capital set a $19.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research report on Saturday, August 11th. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. Finally, Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, November 6th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.88.

Shares of NYSE:VSTO traded down $0.60 during midday trading on Wednesday, reaching $12.71. The company’s stock had a trading volume of 9,170 shares, compared to its average volume of 586,130. The company has a market capitalization of $766.37 million, a PE ratio of 25.84 and a beta of 0.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.69 and a quick ratio of 1.44. Vista Outdoor has a 12-month low of $12.49 and a 12-month high of $20.04.

A number of institutional investors have recently made changes to their positions in VSTO. Jane Street Group LLC bought a new position in Vista Outdoor in the 1st quarter worth about $172,000. Legal & General Group Plc lifted its stake in Vista Outdoor by 21.2% during the 1st quarter. Legal & General Group Plc now owns 162,285 shares of the company’s stock valued at $2,639,000 after acquiring an additional 28,393 shares during the period. Principal Financial Group Inc. lifted its stake in Vista Outdoor by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 439,378 shares of the company’s stock valued at $7,171,000 after acquiring an additional 9,293 shares during the period. Bank of Montreal Can lifted its stake in Vista Outdoor by 262.4% during the 2nd quarter. Bank of Montreal Can now owns 13,187 shares of the company’s stock valued at $204,000 after acquiring an additional 9,548 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Vista Outdoor by 67.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 410,775 shares of the company’s stock valued at $6,363,000 after acquiring an additional 166,150 shares during the period. Institutional investors own 98.26% of the company’s stock.

Vista Outdoor Company Profile

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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