$588.42 Million in Sales Expected for Vista Outdoor Inc. (VSTO) This Quarter
Equities research analysts forecast that Vista Outdoor Inc. (NYSE:VSTO) will announce $588.42 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Vista Outdoor’s earnings, with the lowest sales estimate coming in at $567.80 million and the highest estimate coming in at $616.90 million. Vista Outdoor posted sales of $684.31 million during the same quarter last year, which would indicate a negative year over year growth rate of 14%. The firm is expected to report its next earnings results on Thursday, November 9th.
On average, analysts expect that Vista Outdoor will report full year sales of $588.42 million for the current fiscal year, with estimates ranging from $2.37 billion to $2.41 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.47 billion per share, with estimates ranging from $2.44 billion to $2.49 billion. Zacks’ sales calculations are an 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 data on Thursday, August 10th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. The company had revenue of $569.00 million during the quarter, compared to the consensus estimate of $552.49 million. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The firm’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS.
VSTO has been the subject of several recent research reports. Forward View reiterated a “hold” rating on shares of Vista Outdoor in a research report on Thursday, May 18th. BidaskClub cut Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Saturday, September 2nd. Zacks Investment Research cut Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price target on shares of Vista Outdoor in a research report on Friday, July 14th. Finally, Cowen and Company reiterated a “hold” rating and set a $26.00 price target on shares of Vista Outdoor in a research report on Tuesday, July 11th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Vista Outdoor has an average rating of “Hold” and a consensus target price of $29.54.
Vista Outdoor (VSTO) opened at 22.01 on Friday. The company’s market capitalization is $1.26 billion. Vista Outdoor has a 52 week low of $19.72 and a 52 week high of $41.29. The company’s 50 day moving average price is $21.44 and its 200-day moving average price is $20.95.
Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Vista Outdoor in the second quarter valued at approximately $113,000. Sphera Funds Management LTD. purchased a new stake in shares of Vista Outdoor in the second quarter valued at approximately $135,000. Segantii Capital Management Ltd purchased a new stake in shares of Vista Outdoor in the first quarter valued at approximately $164,000. Neuburgh Advisers LLC increased its position in shares of Vista Outdoor by 405.6% in the first quarter. Neuburgh Advisers LLC now owns 8,736 shares of the company’s stock valued at $180,000 after buying an additional 7,008 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Vista Outdoor by 26.9% in the first quarter. US Bancorp DE now owns 9,672 shares of the company’s stock valued at $199,000 after buying an additional 2,052 shares in the last quarter. Institutional investors and hedge funds own 96.45% of the company’s stock.
Vista Outdoor Company Profile
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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