Brokerages forecast that Vista Outdoor Inc (NYSE:VSTO) will post sales of $581.09 million for the current quarter, Zacks reports. Four analysts have provided estimates for Vista Outdoor’s earnings, with the highest sales estimate coming in at $618.30 million and the lowest estimate coming in at $562.30 million. Vista Outdoor reported sales of $653.56 million in the same quarter last year, which indicates a negative year over year growth rate of 11.1%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, February 8th.
On average, analysts expect that Vista Outdoor will report full year sales of $581.09 million for the current year, with estimates ranging from $2.25 billion to $2.38 billion. For the next financial year, analysts expect that the company will post sales of $2.29 billion per share, with estimates ranging from $2.21 billion to $2.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, November 9th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The company had revenue of $587.00 million for the quarter, compared to analyst estimates of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share.
A number of equities research analysts recently commented on VSTO shares. BidaskClub upgraded shares of Vista Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Cowen restated a “hold” rating and set a $26.00 price objective on shares of Vista Outdoor in a report on Wednesday, October 4th. Roth Capital set a $21.00 price objective on shares of Vista Outdoor and gave the stock a “hold” rating in a report on Friday, October 6th. Jefferies Group restated a “buy” rating on shares of Vista Outdoor in a report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, October 12th. Three investment 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. Vista Outdoor currently has a consensus rating of “Hold” and an average target price of $23.40.
In other Vista Outdoor news, CEO Christopher T. Metz bought 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average price of $14.86 per share, with a total value of $96,590.00. Following the completion of the transaction, the chief executive officer now owns 87,256 shares in the company, valued at $1,296,624.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tig H. Krekel bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $13.33 per share, with a total value of $39,990.00. Following the transaction, the director now owns 7,684 shares of the company’s stock, valued at approximately $102,427.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 16,000 shares of company stock worth $231,165. 1.50% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Vista Outdoor by 23.5% in the 2nd quarter. BlackRock Inc. now owns 6,998,726 shares of the company’s stock valued at $157,542,000 after acquiring an additional 1,331,085 shares during the period. FMR LLC grew its position in shares of Vista Outdoor by 70.0% in the 2nd quarter. FMR LLC now owns 6,894,441 shares of the company’s stock valued at $155,194,000 after acquiring an additional 2,838,686 shares during the period. Vanguard Group Inc. grew its position in shares of Vista Outdoor by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,346,858 shares of the company’s stock valued at $120,358,000 after acquiring an additional 242,701 shares during the period. Dimensional Fund Advisors LP grew its position 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 valued at $95,537,000 after acquiring an additional 600,770 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in shares of Vista Outdoor by 3.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,003,242 shares of the company’s stock valued at $43,757,000 after acquiring an additional 98,830 shares during the period.
Shares of Vista Outdoor (VSTO) traded up $0.34 during trading hours on Friday, hitting $15.49. 390,971 shares of the company were exchanged, compared to its average volume of 563,527. Vista Outdoor has a fifty-two week low of $12.35 and a fifty-two week high of $29.12. The company has a current ratio of 3.03, a quick ratio of 1.63 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $887.95, a price-to-earnings ratio of -1.90, a price-to-earnings-growth ratio of 2.70 and a beta of -0.36.
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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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