Zacks: Analysts Expect Vista Outdoor Inc (VSTO) Will Post Quarterly Sales of $549.18 Million

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Wall Street brokerages expect Vista Outdoor Inc (NYSE:VSTO) to report sales of $549.18 million for the current quarter, Zacks reports. Two analysts have provided estimates for Vista Outdoor’s earnings. The lowest sales estimate is $540.65 million and the highest is $557.70 million. Vista Outdoor posted sales of $568.75 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.4%. The business is scheduled to issue its next earnings report on Thursday, August 9th.

On average, analysts expect that Vista Outdoor will report full year sales of $2.25 billion for the current fiscal year, with estimates ranging from $2.24 billion to $2.27 billion. For the next financial year, analysts anticipate that the business will report sales of $2.29 billion per share. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Tuesday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.08). Vista Outdoor had a negative net margin of 2.61% and a positive return on equity of 2.33%. The business had revenue of $571.20 million during the quarter, compared to analyst estimates of $519.41 million. During the same quarter last year, the business earned $0.03 earnings per share. Vista Outdoor’s revenue for the quarter was down 1.3% on a year-over-year basis.

A number of analysts have recently issued reports on the stock. Cowen reiterated a “hold” rating and issued a $14.50 price objective on shares of Vista Outdoor in a report on Tuesday, May 1st. ValuEngine upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. DA Davidson reiterated a “hold” rating on shares of Vista Outdoor in a report on Monday, May 7th. Finally, Zacks Investment Research downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a report on Saturday, April 21st. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.79.

Shares of Vista Outdoor traded up $0.03, reaching $16.48, during midday trading on Friday, according to Marketbeat. The company’s stock had a trading volume of 8,610 shares, compared to its average volume of 671,374. The company has a quick ratio of 1.96, a current ratio of 3.07 and a debt-to-equity ratio of 0.73. Vista Outdoor has a fifty-two week low of $12.35 and a fifty-two week high of $25.07. The company has a market capitalization of $946.85 million, a PE ratio of 32.82 and a beta of -0.38.

In other news, CEO Christopher T. Metz bought 20,000 shares of the stock in a transaction that occurred on Friday, May 4th. The shares were acquired at an average cost of $13.21 per share, for a total transaction of $264,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary L. Mcarthur bought 9,270 shares of the stock in a transaction that occurred on Tuesday, May 8th. The shares were purchased at an average price of $13.49 per share, for a total transaction of $125,052.30. Following the completion of the acquisition, the director now owns 20,761 shares of the company’s stock, valued at approximately $280,065.89. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in VSTO. RiverGlades Family Offices LLC bought a new position in Vista Outdoor during the fourth quarter worth $156,000. Profund Advisors LLC bought a new position in Vista Outdoor during the first quarter worth $164,000. Crossmark Global Holdings Inc. bought a new stake in shares of Vista Outdoor in the fourth quarter valued at about $167,000. Jane Street Group LLC bought a new stake in shares of Vista Outdoor in the first quarter valued at about $172,000. Finally, Koch Industries Inc. bought a new stake in shares of Vista Outdoor in the first quarter valued at about $177,000.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets worldwide. The company's Shooting Sports segment designs, develops, produces, and sources ammunition and firearms, such as centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components for the hunting and sport shooting enthusiast markets, local law enforcement, the United States government, and international markets under the American Eagle, Blazer, CCI, Estate Cartridge, Federal Premium, Force on Force, Fusion, Independence, Savage Arms, Savage Range Systems, Speer, and Stevens brands.

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

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