$0.05 EPS Expected for Vista Outdoor Inc (VSTO) This Quarter

Equities analysts predict that Vista Outdoor Inc (NYSE:VSTO) will announce earnings per share of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vista Outdoor’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.01. Vista Outdoor posted earnings per share of $0.13 in the same quarter last year, which indicates a negative year-over-year growth rate of 61.5%. The business is expected to announce its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Vista Outdoor will report full year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.30. For the next financial year, analysts anticipate that the company will post earnings of $0.53 per share, with EPS estimates ranging from $0.50 to $0.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Vista Outdoor.

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

A number of equities analysts have recently commented on VSTO shares. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, August 15th. ValuEngine lowered Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, Roth Capital set a $19.00 price objective on Vista Outdoor and gave the stock a “hold” rating in a research note on Saturday, August 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.88.

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Vista Outdoor by 2.2% during the first 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 increased its stake in Vista Outdoor by 262.4% during the second 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. Connor Clark & Lunn Investment Management Ltd. increased its stake in Vista Outdoor by 67.9% during the second 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. IndexIQ Advisors LLC increased its stake in Vista Outdoor by 7.8% during the second quarter. IndexIQ Advisors LLC now owns 134,032 shares of the company’s stock valued at $2,076,000 after acquiring an additional 9,689 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Vista Outdoor during the second quarter valued at about $188,000. Institutional investors and hedge funds own 96.46% of the company’s stock.

Shares of NYSE:VSTO opened at $11.07 on Friday. Vista Outdoor has a fifty-two week low of $10.50 and a fifty-two week high of $20.04. The stock has a market capitalization of $614.36 million, a price-to-earnings ratio of 22.14 and a beta of 0.37. The company has a quick ratio of 1.44, a current ratio of 2.69 and a debt-to-equity ratio of 0.63.

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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