$459.12 Million in Sales Expected for Vista Outdoor Inc (NYSE:VSTO) This Quarter

Wall Street analysts expect Vista Outdoor Inc (NYSE:VSTO) to post $459.12 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Vista Outdoor’s earnings, with the lowest sales estimate coming in at $456.34 million and the highest estimate coming in at $462.70 million. Vista Outdoor reported sales of $546.59 million in the same quarter last year, which would indicate a negative year over year growth rate of 16%. The firm is expected to report its next earnings results before the market opens on Thursday, November 7th.

According to Zacks, analysts expect that Vista Outdoor will report full year sales of $1.85 billion for the current year, with estimates ranging from $1.83 billion to $1.86 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.87 billion, with estimates ranging from $1.85 billion to $1.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Vista Outdoor.

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

Several brokerages have recently weighed in on VSTO. DA Davidson began coverage on shares of Vista Outdoor in a research note on Friday, October 11th. They issued a “neutral” rating and a $6.50 target price for the company. B. Riley set a $11.00 target price on shares of Vista Outdoor and gave the company a “buy” rating in a research note on Monday, September 30th. Cowen restated a “hold” rating and issued a $5.00 target price on shares of Vista Outdoor in a research note on Monday, September 30th. ValuEngine upgraded shares of Vista Outdoor from a “hold” rating to a “buy” rating in a research note on Friday, October 11th. Finally, Lake Street Capital began coverage on shares of Vista Outdoor in a research note on Tuesday, July 9th. They issued a “buy” rating and a $11.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.42.

Shares of VSTO stock opened at $6.69 on Friday. The company has a market capitalization of $375.40 million, a PE ratio of 47.79 and a beta of 0.44. The firm has a fifty day simple moving average of $6.16 and a 200-day simple moving average of $7.40. The company has a current ratio of 2.96, a quick ratio of 1.82 and a debt-to-equity ratio of 1.37. Vista Outdoor has a twelve month low of $4.30 and a twelve month high of $14.76.

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

A number of institutional investors and hedge funds have recently bought and sold shares of VSTO. NumerixS Investment Technologies Inc acquired a new stake in Vista Outdoor in the second quarter valued at $40,000. Bank of Montreal Can raised its holdings in Vista Outdoor by 509.1% in the second quarter. Bank of Montreal Can now owns 5,263 shares of the company’s stock valued at $47,000 after acquiring an additional 4,399 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Vista Outdoor in the second quarter valued at $65,000. Point72 Hong Kong Ltd acquired a new stake in Vista Outdoor in the second quarter valued at $69,000. Finally, Magnus Financial Group LLC acquired a new stake in Vista Outdoor in the second quarter valued at $103,000. 94.57% of the stock is currently owned by hedge funds and other institutional investors.

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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