Vista Outdoor Inc. (VSTO) Set to Announce Quarterly Earnings on Thursday
Vista Outdoor Inc. (NYSE:VSTO) is scheduled to be announcing its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Vista Outdoor has set its FY18 guidance at $1.10-1.30 EPS.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. The company had revenue of $569.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. On average, analysts expect Vista Outdoor to post $1.23 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.
A number of equities analysts recently commented on VSTO shares. BidaskClub raised Vista Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research raised Vista Outdoor from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Thursday, October 12th. Roth Capital set a $21.00 target price on Vista Outdoor and gave the stock a “hold” rating in a report on Friday, October 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Vista Outdoor in a report on Friday, July 14th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $26.00 target price on shares of Vista Outdoor in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.05.
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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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