Wall Street analysts forecast that Vista Outdoor Inc (NYSE:VSTO) will post $500.46 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Vista Outdoor’s earnings. The lowest sales estimate is $494.01 million and the highest is $506.90 million. Vista Outdoor reported sales of $571.23 million during the same quarter last year, which indicates a negative year over year growth rate of 12.4%. The company is expected to announce its next quarterly earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that Vista Outdoor will report full-year sales of $2.04 billion for the current fiscal year, with estimates ranging from $2.04 billion to $2.05 billion. For the next year, analysts forecast that the firm will post sales of $2.04 billion, with estimates ranging from $1.99 billion to $2.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. Vista Outdoor had a negative net margin of 29.12% and a negative return on equity of 0.44%. The company had revenue of $467.80 million during the quarter, compared to analysts’ expectations of $505.40 million. During the same quarter in the prior year, the company earned $0.13 EPS. Vista Outdoor’s revenue was down 19.5% compared to the same quarter last year.
A number of research firms recently commented on VSTO. Roth Capital reaffirmed a “neutral” rating on shares of Vista Outdoor in a research report on Friday, February 8th. ValuEngine cut shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. Vista Outdoor has a consensus rating of “Hold” and a consensus target price of $16.83.
Shares of NYSE:VSTO traded up $0.37 during trading hours on Friday, reaching $9.67. The stock had a trading volume of 27,460 shares, compared to its average volume of 529,263. Vista Outdoor has a 1 year low of $8.55 and a 1 year high of $20.04. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 1.09. The company has a market cap of $535.60 million, a PE ratio of 19.48 and a beta of 0.11.
Several hedge funds and other institutional investors have recently bought and sold shares of VSTO. Berkley W R Corp increased its stake in Vista Outdoor by 33.3% during the fourth quarter. Berkley W R Corp now owns 2,001,286 shares of the company’s stock valued at $22,715,000 after purchasing an additional 500,010 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Vista Outdoor during the fourth quarter valued at $189,000. Metropolitan Life Insurance Co. NY grew its position in shares of Vista Outdoor by 366.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,180 shares of the company’s stock worth $218,000 after acquiring an additional 15,068 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Vista Outdoor during the fourth quarter worth about $153,000. Finally, Squarepoint Ops LLC bought a new position in shares of Vista Outdoor during the fourth quarter worth about $766,000. 97.85% of the stock is currently owned by institutional investors and hedge funds.
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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