Vista Outdoor (NYSE:VSTO) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.10-0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.15. The company issued revenue guidance of $1.75-1.85 billion, compared to the consensus revenue estimate of $1.83 billion.
A number of equities analysts recently commented on the stock. ValuEngine upgraded shares of Vista Outdoor from a sell rating to a hold rating in a research report on Thursday, August 1st. Cowen reiterated a hold rating and issued a $5.00 price objective on shares of Vista Outdoor in a report on Tuesday, September 3rd. B. Riley set a $11.00 target price on Vista Outdoor and gave the company a buy rating in a report on Wednesday, September 4th. Zacks Investment Research cut Vista Outdoor from a hold rating to a strong sell rating in a report on Thursday, May 16th. Finally, Lake Street Capital assumed coverage on Vista Outdoor in a research report on Tuesday, July 9th. They set a buy rating and a $11.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Vista Outdoor currently has a consensus rating of Hold and an average price target of $11.20.
NYSE VSTO opened at $5.38 on Tuesday. The firm has a market capitalization of $300.90 million, a PE ratio of 38.43 and a beta of 0.43. The company has a quick ratio of 1.82, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. Vista Outdoor has a twelve month low of $4.30 and a twelve month high of $18.69. The stock’s 50 day moving average is $5.85 and its 200 day moving average is $7.90.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The company had revenue of $459.77 million during the quarter, compared to the consensus estimate of $471.41 million. Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. Vista Outdoor’s quarterly revenue was down 13.1% on a year-over-year basis. On average, research analysts anticipate that Vista Outdoor will post 0.13 earnings per share for the current year.
In other Vista Outdoor news, CEO Christopher T. Metz acquired 33,730 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $4.46 per share, with a total value of $150,435.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Miguel A. Lopez acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average cost of $4.81 per share, for a total transaction of $48,100.00. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.
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