KeyCorp Analysts Lower Earnings Estimates for Vista Outdoor Inc (VSTO)

Vista Outdoor Inc (NYSE:VSTO) – Equities researchers at KeyCorp dropped their Q4 2019 EPS estimates for shares of Vista Outdoor in a note issued to investors on Thursday, February 7th. KeyCorp analyst B. Andress now expects that the company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.12. KeyCorp also issued estimates for Vista Outdoor’s FY2020 earnings at $0.45 EPS.

A number of other equities research analysts have also issued reports on VSTO. Zacks Investment Research upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, November 6th. ValuEngine lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, Roth Capital restated a “neutral” rating on shares of Vista Outdoor in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.83.



Shares of Vista Outdoor stock opened at $9.03 on Monday. The stock has a market capitalization of $513.14 million, a PE ratio of 18.06 and a beta of 0.11. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 1.09. Vista Outdoor has a 1 year low of $8.55 and a 1 year high of $20.04.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, February 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $467.80 million for the quarter, compared to analyst estimates of $505.40 million. Vista Outdoor had a negative net margin of 29.12% and a negative return on equity of 0.44%. The company’s revenue for the quarter was down 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 EPS.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Vista Outdoor by 3.1% during the 4th quarter. BlackRock Inc. now owns 8,311,097 shares of the company’s stock valued at $94,331,000 after buying an additional 249,541 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Vista Outdoor by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,797,645 shares of the company’s stock valued at $103,720,000 after buying an additional 130,058 shares during the last quarter. Vanguard Group Inc grew its position in shares of Vista Outdoor by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 5,797,645 shares of the company’s stock valued at $103,720,000 after buying an additional 130,058 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Vista Outdoor by 15.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 4,719,898 shares of the company’s stock valued at $53,571,000 after buying an additional 622,129 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Vista Outdoor by 14.9% during the 3rd quarter. Prudential Financial Inc. now owns 1,778,545 shares of the company’s stock valued at $31,819,000 after buying an additional 230,937 shares during the last quarter. 97.85% of the stock is owned by institutional investors and hedge funds.

About Vista Outdoor

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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