$0.13 Earnings Per Share Expected for Vista Outdoor Inc. (VSTO) This Quarter
Wall Street analysts forecast that Vista Outdoor Inc. (NYSE:VSTO) will report $0.13 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Vista Outdoor’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.13. Vista Outdoor posted earnings of $0.48 per share in the same quarter last year, which would suggest a negative year over year growth rate of 72.9%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, August 10th.
According to Zacks, analysts expect that Vista Outdoor will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.25. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.72 per share, with EPS estimates ranging from $1.40 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, May 11th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.18 by $0.15. The company had revenue of $578.80 million during the quarter, compared to analyst estimates of $565.19 million. Vista Outdoor had a negative net margin of 10.78% and a positive return on equity of 7.62%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS.
VSTO has been the topic of several analyst reports. Zacks Investment Research raised Vista Outdoor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Cowen and Company reaffirmed a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a research report on Tuesday, July 11th. DA Davidson raised Vista Outdoor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research report on Thursday, June 8th. Forward View reaffirmed a “hold” rating on shares of Vista Outdoor in a research report on Thursday, May 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Vista Outdoor in a research report on Friday, July 14th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Vista Outdoor has an average rating of “Hold” and an average target price of $31.14.
Vista Outdoor (VSTO) traded down 0.58% during midday trading on Monday, hitting $22.38. The stock had a trading volume of 427,945 shares. The stock’s market capitalization is $1.28 billion. Vista Outdoor has a 1-year low of $18.32 and a 1-year high of $51.94. The stock’s 50-day moving average is $22.96 and its 200-day moving average is $22.01.
Several hedge funds and other institutional investors have recently modified their holdings of VSTO. Oxford Asset Management boosted its position in shares of Vista Outdoor by 1,007.1% in the first quarter. Oxford Asset Management now owns 418,476 shares of the company’s stock worth $8,616,000 after buying an additional 380,675 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Vista Outdoor during the first quarter worth approximately $129,000. Laurion Capital Management LP purchased a new position in shares of Vista Outdoor during the first quarter worth approximately $1,137,000. Principal Financial Group Inc. boosted its position in shares of Vista Outdoor by 83.6% in the first quarter. Principal Financial Group Inc. now owns 433,655 shares of the company’s stock worth $8,929,000 after buying an additional 197,416 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Vista Outdoor by 168.7% in the first quarter. UBS Group AG now owns 95,397 shares of the company’s stock worth $1,964,000 after buying an additional 59,893 shares in the last quarter. 99.49% of the stock is currently owned by hedge funds and other institutional investors.
About Vista Outdoor
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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