Vista Outdoor Inc. (VSTO) Expected to Announce Quarterly Sales of $588.42 Million
Analysts expect Vista Outdoor Inc. (NYSE:VSTO) to post $588.42 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Vista Outdoor’s earnings. The highest sales estimate is $616.90 million and the lowest is $567.80 million. Vista Outdoor posted sales of $684.31 million during the same quarter last year, which suggests a negative year over year growth rate of 14%. The company is scheduled 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 financial year, with estimates ranging from $2.37 billion to $2.41 billion. For the next fiscal year, analysts anticipate that the business 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 research firms that follow Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The firm had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $552.49 million. During the same period last year, the firm posted $0.48 EPS. The business’s revenue was down 9.7% on a year-over-year basis.
VSTO has been the subject of a number of research reports. DA Davidson upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Cowen and Company reiterated a “hold” rating and set a $26.00 price objective on shares of Vista Outdoor in a report on Tuesday, July 11th. Jefferies Group LLC reissued a “buy” rating and set a $28.00 price objective on shares of Vista Outdoor in a research report on Friday, July 14th. Zacks Investment Research raised shares of Vista Outdoor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BidaskClub downgraded Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $28.14.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new position in shares of Vista Outdoor in the second quarter valued at approximately $113,000. Sphera Funds Management LTD. purchased a new position in shares of Vista Outdoor during the second quarter valued at approximately $135,000. Segantii Capital Management Ltd purchased a new position in shares of Vista Outdoor during the first quarter valued at approximately $164,000. US Bancorp DE boosted its position in shares of Vista Outdoor by 26.9% during 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 during the last quarter. Finally, Clinton Group Inc. purchased a new position in shares of Vista Outdoor during the first quarter valued at approximately $208,000. 96.45% of the stock is owned by hedge funds and other institutional investors.
Vista Outdoor (NYSE:VSTO) traded down 2.959% during trading on Wednesday, reaching $22.465. The company’s stock had a trading volume of 576,845 shares. The company’s 50 day moving average price is $22.49 and its 200-day moving average price is $22.49. The stock’s market cap is $1.28 billion. Vista Outdoor has a 1-year low of $19.66 and a 1-year high of $41.29.
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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