Analysts Anticipate Vista Outdoor Inc (NYSE:VSTO) Will Announce Quarterly Sales of $468.81 Million

Equities research analysts forecast that Vista Outdoor Inc (NYSE:VSTO) will announce $468.81 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Vista Outdoor’s earnings, with the lowest sales estimate coming in at $465.26 million and the highest estimate coming in at $474.87 million. Vista Outdoor posted sales of $528.84 million during the same quarter last year, which indicates a negative year over year growth rate of 11.4%. The firm is expected to issue its next earnings results before the market opens on Thursday, August 8th.

On average, analysts expect that Vista Outdoor will report full year sales of $1.92 billion for the current fiscal year, with estimates ranging from $1.87 billion to $1.98 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.06 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.12). Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The firm had revenue of $515.34 million for the quarter, compared to analyst estimates of $503.17 million. During the same quarter last year, the firm posted ($0.22) EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis.

Several analysts recently issued reports on the company. B. Riley set a $13.00 price target on Vista Outdoor and gave the company a “buy” rating in a report on Monday, July 8th. ValuEngine lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Cowen reiterated a “hold” rating and set a $12.00 price objective on shares of Vista Outdoor in a research note on Thursday, May 9th. Lake Street Capital initiated coverage on shares of Vista Outdoor in a research note on Tuesday, July 9th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Vista Outdoor from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Vista Outdoor by 40.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock worth $58,000 after acquiring an additional 1,488 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Vista Outdoor by 112.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock worth $106,000 after acquiring an additional 6,991 shares during the period. Paloma Partners Management Co bought a new position in Vista Outdoor in the 4th quarter worth $153,000. Aperio Group LLC bought a new position in shares of Vista Outdoor during the 2nd quarter worth about $167,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Vista Outdoor by 62.6% during the 4th quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock worth $188,000 after purchasing an additional 6,352 shares during the period. Institutional investors and hedge funds own 94.14% of the company’s stock.

NYSE VSTO traded up $0.33 during trading hours on Friday, hitting $7.37. The company had a trading volume of 17,650 shares, compared to its average volume of 464,771. Vista Outdoor has a fifty-two week low of $6.75 and a fifty-two week high of $19.41. The stock has a market cap of $403.50 million, a P/E ratio of 52.64 and a beta of 0.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.96 and a quick ratio of 1.88. The business’s 50 day moving average is $8.17.

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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