Brokerages Anticipate Vista Outdoor Inc (VSTO) Will Post Quarterly Sales of $473.23 Million

Equities analysts predict that Vista Outdoor Inc (NYSE:VSTO) will announce $473.23 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Vista Outdoor’s earnings. The highest sales estimate is $478.53 million and the lowest is $466.30 million. Vista Outdoor reported sales of $528.84 million in the same quarter last year, which indicates a negative year-over-year growth rate of 10.5%. The company is expected to report its next earnings results on Thursday, August 8th.

On average, analysts expect that Vista Outdoor will report full-year sales of $1.97 billion for the current financial year, with estimates ranging from $1.90 billion to $2.02 billion. For the next financial year, analysts anticipate that the company will report sales of $2.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Vista Outdoor.

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

VSTO has been the topic of a number of recent research reports. ValuEngine downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Cowen restated a “hold” rating and issued a $12.00 price target on shares of Vista Outdoor in a research report on Thursday, May 9th. Roth Capital restated a “neutral” rating on shares of Vista Outdoor in a research report on Friday, February 8th. Zacks Investment Research downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Finally, B. Riley initiated coverage on shares of Vista Outdoor in a research report on Thursday, February 28th. They issued a “buy” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.60.

Shares of Vista Outdoor stock traded up $0.18 during trading hours on Friday, reaching $8.84. The company’s stock had a trading volume of 10,577 shares, compared to its average volume of 562,744. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.88 and a current ratio of 2.96. Vista Outdoor has a one year low of $7.78 and a one year high of $19.41. The company has a market cap of $522.93 million, a P/E ratio of 62.29 and a beta of 0.11.

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in shares of Vista Outdoor by 40.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock worth $58,000 after acquiring an additional 1,488 shares during the period. BlueMountain Capital Management LLC acquired a new stake in shares of Vista Outdoor in the 1st quarter worth about $72,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Vista Outdoor in the 1st quarter worth about $100,000. BNP Paribas Arbitrage SA increased its holdings in shares of Vista Outdoor by 112.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock worth $106,000 after acquiring an additional 6,991 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of Vista Outdoor by 15.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,047 shares of the company’s stock worth $152,000 after acquiring an additional 2,549 shares during the period. 96.55% of the stock is currently 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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Earnings History and Estimates for Vista Outdoor (NYSE:VSTO)

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