Vista Outdoor (VSTO) Announces Quarterly Earnings Results

Vista Outdoor (NYSE:VSTO) released its quarterly earnings data on Thursday. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06, Bloomberg Earnings reports. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business had revenue of $581.00 million for the quarter, compared to analyst estimates of $566.98 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. Vista Outdoor updated its FY18 guidance to $0.50-0.60 EPS.

Shares of Vista Outdoor (NYSE:VSTO) traded up $1.84 during mid-day trading on Thursday, reaching $17.17. The company’s stock had a trading volume of 954,037 shares, compared to its average volume of 745,002. The company has a quick ratio of 1.63, a current ratio of 3.03 and a debt-to-equity ratio of 0.86. The stock has a market cap of $853.55, a price-to-earnings ratio of -2.08, a P/E/G ratio of 2.60 and a beta of -0.22. Vista Outdoor has a 12 month low of $12.35 and a 12 month high of $25.07.

A number of brokerages have recently issued reports on VSTO. Zacks Investment Research lowered Vista Outdoor from a “buy” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Jefferies Group reiterated a “buy” rating on shares of Vista Outdoor in a research report on Wednesday, October 11th. Finally, Roth Capital reiterated a “neutral” rating and set a $14.00 target price on shares of Vista Outdoor in a research report on Monday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.78.

In other news, CEO Christopher T. Metz acquired 6,500 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average price of $14.86 per share, for a total transaction of $96,590.00. Following the acquisition, the chief executive officer now owns 87,256 shares of the company’s stock, valued at approximately $1,296,624.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Gottfredson bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was bought at an average cost of $14.60 per share, with a total value of $73,000.00. Following the completion of the purchase, the director now directly owns 21,716 shares in the company, valued at $317,053.60. The disclosure for this purchase can be found here. Insiders acquired a total of 16,000 shares of company stock worth $231,165 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. acquired a new stake in shares of Vista Outdoor in the 2nd quarter worth $113,000. First Mercantile Trust Co. increased its stake in shares of Vista Outdoor by 42.8% in the 4th quarter. First Mercantile Trust Co. now owns 11,412 shares of the company’s stock worth $166,000 after acquiring an additional 3,421 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Vista Outdoor in the 4th quarter worth $167,000. Profund Advisors LLC increased its stake in shares of Vista Outdoor by 7.0% in the 2nd quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after acquiring an additional 698 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Vista Outdoor in the 2nd quarter worth $278,000.

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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.

Earnings History for Vista Outdoor (NYSE:VSTO)

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