Vista Outdoor (NYSE:VSTO) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Vista Outdoor (NYSE:VSTO) issued its earnings results on Wednesday. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11, Briefing.com reports. The firm had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share.

Vista Outdoor Price Performance

Shares of VSTO stock traded down $0.06 during mid-day trading on Thursday, hitting $44.15. 435,130 shares of the stock traded hands, compared to its average volume of 592,360. Vista Outdoor has a twelve month low of $24.30 and a twelve month high of $44.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. The company’s 50-day simple moving average is $41.52 and its 200-day simple moving average is $38.33. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -340.08 and a beta of 0.79.

Analysts Set New Price Targets

Several brokerages have commented on VSTO. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Thursday, September 19th. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Lake Street Capital increased their price target on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. StockNews.com initiated coverage on shares of Vista Outdoor in a research note on Thursday. They set a “buy” rating on the stock. Finally, Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.