Analysts predict that Vista Outdoor Inc (NYSE:VSTO) will post earnings per share (EPS) of $0.05 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Vista Outdoor’s earnings, with estimates ranging from $0.01 to $0.11. Vista Outdoor reported earnings of $0.62 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 91.9%. The business is expected to report its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Vista Outdoor will report full year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.62. For the next fiscal year, analysts anticipate that the business will report earnings of $0.89 per share, with EPS estimates ranging from $0.61 to $1.14. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. The firm had revenue of $587.00 million for the quarter, compared to analyst estimates of $588.85 million. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business’s revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share.
A number of equities analysts recently commented on VSTO shares. Zacks Investment Research downgraded Vista Outdoor from a “buy” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub downgraded Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Roth Capital set a $21.00 price objective on Vista Outdoor and gave the stock a “hold” rating in a research report on Friday, October 6th. DA Davidson downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Thursday, November 9th. Finally, Cowen reiterated a “hold” rating and set a $26.00 price objective on shares of Vista Outdoor in a research report on Wednesday, October 4th. Three research 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. The stock has a consensus rating of “Hold” and an average price target of $23.40.
Shares of Vista Outdoor (VSTO) opened at $15.14 on Friday. Vista Outdoor has a 12 month low of $12.35 and a 12 month high of $29.12. The stock has a market capitalization of $871.90, a P/E ratio of -1.86, a PEG ratio of 2.65 and a beta of -0.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.03 and a quick ratio of 1.63.
In other Vista Outdoor news, CEO Christopher T. Metz bought 6,500 shares of Vista Outdoor 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 completion of the transaction, the chief executive officer now directly owns 87,256 shares of the company’s stock, valued at $1,296,624.16. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Gottfredson bought 5,000 shares of Vista Outdoor stock in a transaction on Tuesday, December 5th. The stock was acquired at an average price of $14.60 per share, for a total transaction of $73,000.00. Following the transaction, the director now directly owns 21,716 shares of the company’s stock, valued at $317,053.60. The disclosure for this purchase can be found here. Insiders acquired 16,000 shares of company stock worth $231,165 in the last 90 days. Company insiders own 1.50% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. purchased a new stake in shares of Vista Outdoor in the 2nd quarter valued at $113,000. Profund Advisors LLC raised its holdings 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 valued at $240,000 after buying an additional 698 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Vista Outdoor in the 2nd quarter valued at $278,000. Suntrust Banks Inc. raised its holdings in shares of Vista Outdoor by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock valued at $296,000 after buying an additional 243 shares during the period. Finally, Malaga Cove Capital LLC purchased a new stake in shares of Vista Outdoor in the 3rd quarter valued at $343,000.
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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.
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