Vista Outdoor (VSTO) Updates FY19 Earnings Guidance

Vista Outdoor (NYSE:VSTO) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $0.20-0.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.26. The company issued revenue guidance of $2.10-2.16 billion, compared to the consensus revenue estimate of $2.13 billion.Vista Outdoor also updated its FY 2019 guidance to $0.20-0.25 EPS.

A number of research firms recently issued reports on VSTO. Roth Capital set a $19.00 price objective on Vista Outdoor and gave the company a hold rating in a research report on Saturday, August 11th. Zacks Investment Research raised Vista Outdoor from a hold rating to a strong-buy rating and set a $21.00 price objective for the company in a research report on Wednesday, August 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $16.70.

VSTO traded up $0.42 during trading on Friday, reaching $14.39. 895,700 shares of the stock traded hands, compared to its average volume of 749,874. The stock has a market cap of $745.57 million, a price-to-earnings ratio of 28.78 and a beta of -0.20. Vista Outdoor has a fifty-two week low of $12.35 and a fifty-two week high of $20.04. The company has a current ratio of 2.61, a quick ratio of 1.58 and a debt-to-equity ratio of 0.72.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Vista Outdoor had a positive return on equity of 1.22% and a negative net margin of 5.70%. The company had revenue of $546.60 million during the quarter, compared to analysts’ expectations of $541.20 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Vista Outdoor will post 0.22 earnings per share for the current fiscal year.

Vista Outdoor Company Profile

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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Earnings History and Estimates for Vista Outdoor (NYSE:VSTO)

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