Q2 2019 EPS Estimates for Vista Outdoor Inc. (VSTO) Lowered by Forward View
Vista Outdoor Inc. (NYSE:VSTO) – Investment analysts at Forward View decreased their Q2 2019 earnings estimates for shares of Vista Outdoor in a research note issued to investors on Monday. Forward View analyst F. Campbell now anticipates that the company will earn $0.28 per share for the quarter, down from their prior forecast of $0.34. Forward View currently has a “Sell” rating and a $12.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. BidaskClub raised shares of Vista Outdoor from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, August 15th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Vista Outdoor in a research report on Wednesday, October 11th. Roth Capital set a $21.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $26.00 target price on shares of Vista Outdoor in a research report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $23.40.
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Vista Outdoor (NYSE:VSTO) traded up $0.04 during trading hours on Tuesday, hitting $13.32. 2,724,300 shares of the stock traded hands, compared to its average volume of 1,319,440. Vista Outdoor has a 12-month low of $12.35 and a 12-month high of $41.29. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.63 and a current ratio of 3.03. The stock has a market cap of $761.26, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.51 and a beta of -0.12.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The firm had revenue of $587.00 million during the quarter, compared to analysts’ expectations of $588.85 million. During the same period last year, the company posted $0.74 EPS. The company’s quarterly revenue was down 14.2% compared to the same quarter last year.
Several institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new position in shares of Vista Outdoor in the 3rd quarter worth about $2,637,000. OxFORD Asset Management LLP increased its stake in shares of Vista Outdoor by 29.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 652,124 shares of the company’s stock worth $15,012,000 after acquiring an additional 146,649 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Vista Outdoor by 16.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,164,649 shares of the company’s stock worth $95,537,000 after acquiring an additional 600,770 shares in the last quarter. Cutler Capital Management LLC bought a new position in shares of Vista Outdoor in the 3rd quarter worth about $677,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Vista Outdoor by 20.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 497,561 shares of the company’s stock valued at $11,415,000 after purchasing an additional 85,698 shares in the last quarter. Institutional investors own 99.97% 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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