Vista Outdoor Inc (NYSE:VSTO) Expected to Announce Earnings of -$0.09 Per Share

Wall Street brokerages expect Vista Outdoor Inc (NYSE:VSTO) to announce earnings of ($0.09) per share for the current quarter, according to Zacks. Three analysts have made estimates for Vista Outdoor’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.06). Vista Outdoor posted earnings of $0.05 per share during the same quarter last year, which indicates a negative year over year growth rate of 280%. The business is scheduled to issue its next earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Vista Outdoor will report full-year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.20. For the next year, analysts expect that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.29 to $0.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.11). Vista Outdoor had a negative net margin of 30.80% and a positive return on equity of 0.48%. The firm had revenue of $459.77 million during the quarter, compared to analyst estimates of $471.41 million. Vista Outdoor’s revenue was down 13.1% compared to the same quarter last year.

A number of brokerages have commented on VSTO. Lake Street Capital began coverage on Vista Outdoor in a research note on Tuesday, July 9th. They issued a “buy” rating and a $11.00 price objective for the company. B. Riley set a $11.00 price objective on Vista Outdoor and gave the company a “buy” rating in a research note on Monday, September 30th. ValuEngine raised Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Cowen reissued a “hold” rating and issued a $5.00 price objective on shares of Vista Outdoor in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.20.

Vista Outdoor stock traded up $0.12 during mid-day trading on Tuesday, reaching $5.86. The stock had a trading volume of 375,272 shares, compared to its average volume of 707,630. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.82 and a current ratio of 2.96. Vista Outdoor has a fifty-two week low of $4.30 and a fifty-two week high of $16.68. The stock’s 50-day simple moving average is $5.69 and its 200-day simple moving average is $7.59. The firm has a market capitalization of $331.51 million, a PE ratio of 41.86 and a beta of 0.44.

In related news, CEO Christopher T. Metz bought 33,730 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $4.46 per share, for a total transaction of $150,435.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Miguel A. Lopez bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of $4.81 per share, for a total transaction of $48,100.00. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc bought a new position in shares of Vista Outdoor in the second quarter valued at approximately $40,000. Bank of Montreal Can lifted its holdings in Vista Outdoor by 509.1% during the second quarter. Bank of Montreal Can now owns 5,263 shares of the company’s stock worth $47,000 after acquiring an additional 4,399 shares during the period. Quantamental Technologies LLC bought a new stake in Vista Outdoor during the second quarter worth $65,000. Point72 Hong Kong Ltd bought a new stake in Vista Outdoor during the second quarter worth $69,000. Finally, Magnus Financial Group LLC bought a new stake in Vista Outdoor during the second quarter worth $103,000. Institutional investors own 94.67% of the company’s stock.

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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