Zacks: Brokerages Expect Vista Outdoor Inc (NYSE:VSTO) Will Post Quarterly Sales of $477.95 Million

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Equities research analysts expect Vista Outdoor Inc (NYSE:VSTO) to announce $477.95 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Vista Outdoor’s earnings. The lowest sales estimate is $456.34 million and the highest is $519.20 million. Vista Outdoor reported sales of $546.59 million in the same quarter last year, which would suggest a negative year over year growth rate of 12.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Vista Outdoor will report full year sales of $1.89 billion for the current fiscal year, with estimates ranging from $1.83 billion to $1.98 billion. For the next financial year, analysts anticipate that the business will post sales of $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 announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.11). Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. The business had revenue of $459.77 million for the quarter, compared to analyst estimates of $471.41 million. The company’s revenue was down 13.1% on a year-over-year basis.

VSTO has been the subject of a number of analyst reports. Lake Street Capital initiated coverage on Vista Outdoor in a research report on Tuesday, July 9th. They set a “buy” rating and a $11.00 price target for the company. Zacks Investment Research lowered Vista Outdoor from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 16th. Cowen set a $5.00 price target on Vista Outdoor and gave the stock a “hold” rating in a research report on Monday, August 12th. ValuEngine upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Monness Crespi & Hardt upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Vista Outdoor currently has an average rating of “Hold” and a consensus price target of $11.60.

In other news, CEO Christopher T. Metz acquired 33,730 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $4.46 per share, with a total value of $150,435.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Prospect Capital Advisors LLC acquired a new position in Vista Outdoor during the second quarter valued at approximately $521,000. Nuveen Asset Management LLC purchased a new stake in Vista Outdoor in the 2nd quarter valued at about $2,928,000. UBS Asset Management Americas Inc. increased its stake in Vista Outdoor by 9.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 55,845 shares of the company’s stock valued at $496,000 after buying an additional 4,730 shares during the last quarter. Citadel Advisors LLC increased its stake in Vista Outdoor by 99.5% in the 2nd quarter. Citadel Advisors LLC now owns 289,656 shares of the company’s stock valued at $2,572,000 after buying an additional 144,450 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Vista Outdoor by 8.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,290,378 shares of the company’s stock valued at $11,459,000 after buying an additional 103,131 shares during the last quarter. 93.69% of the stock is currently owned by institutional investors.

VSTO stock traded up $0.15 during trading on Friday, reaching $5.06. 51,263 shares of the company’s stock were exchanged, compared to its average volume of 834,824. The company has a quick ratio of 1.82, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. Vista Outdoor has a 1-year low of $4.30 and a 1-year high of $18.79. The company’s fifty day moving average price is $7.11 and its 200-day moving average price is $8.32. The firm has a market cap of $262.20 million, a PE ratio of 36.14 and a beta of 0.35.

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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