Vista Outdoor Inc (VSTO) Forecasted to Earn Q4 2020 Earnings of $0.08 Per Share

Vista Outdoor Inc (NYSE:VSTO) – KeyCorp issued their Q4 2020 earnings per share estimates for shares of Vista Outdoor in a report released on Sunday, May 12th. KeyCorp analyst B. Andress anticipates that the company will earn $0.08 per share for the quarter.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.12). The firm had revenue of $515.34 million for the quarter, compared to analyst estimates of $503.17 million. Vista Outdoor had a negative net margin of 31.50% and a positive return on equity of 0.89%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.22) EPS.

Several other research firms also recently weighed in on VSTO. ValuEngine downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. B. Riley set a $13.00 price target on shares of Vista Outdoor and gave the stock a “buy” rating in a research note on Friday. Monness Crespi & Hardt raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Friday. Roth Capital reissued a “neutral” rating on shares of Vista Outdoor in a research note on Friday, February 8th. Finally, Cowen reissued a “hold” rating and issued a $12.00 price target on shares of Vista Outdoor in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.60.

VSTO opened at $9.77 on Tuesday. The company has a current ratio of 2.96, a quick ratio of 1.78 and a debt-to-equity ratio of 1.12. The firm has a market cap of $532.14 million, a price-to-earnings ratio of 69.79 and a beta of 0.11. Vista Outdoor has a 52-week low of $7.78 and a 52-week high of $19.41.

A number of institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP acquired a new stake in shares of Vista Outdoor during the first quarter valued at about $308,000. The Manufacturers Life Insurance Company increased its position in shares of Vista Outdoor by 9.5% during the first quarter. The Manufacturers Life Insurance Company now owns 38,636 shares of the company’s stock valued at $309,000 after acquiring an additional 3,348 shares during the last quarter. Northern Trust Corp increased its position in shares of Vista Outdoor by 0.9% during the first quarter. Northern Trust Corp now owns 703,799 shares of the company’s stock valued at $5,637,000 after acquiring an additional 6,147 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Vista Outdoor by 21.5% during the first quarter. OppenheimerFunds Inc. now owns 129,724 shares of the company’s stock valued at $1,039,000 after acquiring an additional 22,998 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vista Outdoor during the first quarter valued at about $206,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

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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Earnings History and Estimates for Vista Outdoor (NYSE:VSTO)

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