FY2018 EPS Estimates for Vista Outdoor Inc Increased by DA Davidson (VSTO)

Vista Outdoor Inc (NYSE:VSTO) – Equities research analysts at DA Davidson upped their FY2018 earnings per share estimates for Vista Outdoor in a research note issued on Thursday. DA Davidson analyst A. Burns now forecasts that the company will post earnings per share of $0.54 for the year, up from their previous forecast of $0.52. DA Davidson currently has a “Neutral” rating and a $17.00 target price on the stock. DA Davidson also issued estimates for Vista Outdoor’s Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.30 EPS, FY2019 earnings at $0.87 EPS and FY2020 earnings at $1.06 EPS.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. The business had revenue of $581.00 million during the quarter, compared to the consensus estimate of $566.98 million. Vista Outdoor had a positive return on equity of 3.45% and a negative net margin of 1.88%. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS.

A number of other research firms have also recently weighed in on VSTO. BidaskClub raised Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Cowen reaffirmed a “hold” rating and set a $14.50 price objective on shares of Vista Outdoor in a research report on Monday, November 13th. Zacks Investment Research cut Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. KeyCorp reaffirmed a “hold” rating on shares of Vista Outdoor in a research report on Friday, November 10th. Finally, Forward View cut Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 price objective on the stock. in a research report on Monday, November 13th. Three equities 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’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.78.

Shares of Vista Outdoor (NYSE VSTO) opened at $17.84 on Monday. Vista Outdoor has a 52 week low of $12.35 and a 52 week high of $25.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.63 and a current ratio of 3.13. The stock has a market capitalization of $1,022.93, a PE ratio of -23.47, a price-to-earnings-growth ratio of 3.16 and a beta of -0.22.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. lifted its holdings in Vista Outdoor by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock worth $296,000 after purchasing an additional 243 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in 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 purchasing an additional 3,421 shares in the last quarter. Rhumbline Advisers lifted its holdings in Vista Outdoor by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 110,981 shares of the company’s stock worth $2,546,000 after purchasing an additional 3,456 shares in the last quarter. Comerica Bank lifted its holdings in Vista Outdoor by 2.5% in the 3rd quarter. Comerica Bank now owns 160,213 shares of the company’s stock worth $3,448,000 after purchasing an additional 3,880 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Vista Outdoor by 11.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 40,576 shares of the company’s stock worth $591,000 after purchasing an additional 4,148 shares in the last quarter.

In other Vista Outdoor news, Director Mark A. Gottfredson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average cost of $14.60 per share, with a total value of $73,000.00. Following the acquisition, the director now owns 21,716 shares in the company, valued at $317,053.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher T. Metz purchased 6,500 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the completion of the acquisition, the chief executive officer now owns 87,256 shares in the company, valued at approximately $1,296,624.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 13,000 shares of company stock worth $191,175. Insiders own 1.50% of the company’s stock.

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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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