$521.36 Million in Sales Expected for Vista Outdoor (VSTO) This Quarter

Brokerages forecast that Vista Outdoor (NYSE:VSTO) will post sales of $521.36 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Vista Outdoor’s earnings, with the lowest sales estimate coming in at $514.60 million and the highest estimate coming in at $528.40 million. Vista Outdoor reported sales of $578.75 million in the same quarter last year, which would suggest a negative year over year growth rate of 9.9%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, May 1st.

According to Zacks, analysts expect that Vista Outdoor will report full year sales of $2.25 billion for the current financial year, with estimates ranging from $2.25 billion to $2.26 billion. For the next financial year, analysts anticipate that the business will post sales of $2.24 billion per share, with estimates ranging from $2.22 billion to $2.27 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Vista Outdoor.

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Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, February 8th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $566.98 million. Vista Outdoor had a negative net margin of 1.88% and a positive return on equity of 3.45%. Vista Outdoor’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS.

Several analysts have commented on VSTO shares. ValuEngine cut shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Roth Capital set a $17.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, DA Davidson lifted their target price on shares of Vista Outdoor to $17.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.79.

VSTO stock traded down $0.46 during midday trading on Friday, hitting $17.21. The stock had a trading volume of 574,621 shares, compared to its average volume of 974,748. The stock has a market capitalization of $1,047.02, a P/E ratio of 9.06, a PEG ratio of 2.01 and a beta of -0.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.97 and a current ratio of 3.13. Vista Outdoor has a 12-month low of $12.35 and a 12-month high of $25.07.

Several institutional investors and hedge funds have recently made changes to their positions in VSTO. Bank of New York Mellon Corp boosted its holdings in shares of Vista Outdoor by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 866,432 shares of the company’s stock valued at $19,876,000 after purchasing an additional 31,591 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vista Outdoor by 20.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,124 shares of the company’s stock valued at $2,559,000 after purchasing an additional 18,484 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Vista Outdoor by 16.0% in the 3rd quarter. Wells Fargo & Company MN now owns 737,609 shares of the company’s stock valued at $16,920,000 after purchasing an additional 101,615 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Vista Outdoor by 20.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 497,561 shares of the company’s stock valued at $11,415,000 after purchasing an additional 85,698 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 600,770 shares during the last quarter.

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About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets worldwide. The company's Shooting Sports segment designs, develops, produces, and sources ammunition and firearms, such as centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components for the hunting and sport shooting enthusiast markets, local law enforcement, the United States government, and international markets under the American Eagle, Blazer, CCI, Estate Cartridge, Federal Premium, Force on Force, Fusion, Independence, Savage Arms, Savage Range Systems, Speer, and Stevens brands.

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