Brokerages expect Vista Outdoor Inc (NYSE:VSTO) to post $500.46 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Vista Outdoor’s earnings, with the lowest sales estimate coming in at $494.01 million and the highest estimate coming in at $506.90 million. Vista Outdoor reported sales of $571.23 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.4%. The business is scheduled to announce its next quarterly earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that Vista Outdoor will report full year sales of $2.04 billion for the current year, with estimates ranging from $2.04 billion to $2.05 billion. For the next year, analysts anticipate that the business will post sales of $2.04 billion, with estimates ranging from $1.99 billion to $2.10 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. The firm had revenue of $467.80 million during the quarter, compared to analyst estimates of $505.40 million. Vista Outdoor had a negative return on equity of 0.44% and a negative net margin of 29.12%. The business’s quarterly revenue was down 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share.
VSTO has been the subject of several research analyst reports. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. Roth Capital reissued a “neutral” rating on shares of Vista Outdoor in a report on Friday, February 8th. Finally, Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. Vista Outdoor currently has an average rating of “Hold” and an average price target of $16.83.
Shares of NYSE:VSTO traded up $0.37 during trading hours on Friday, hitting $9.67. 27,460 shares of the company’s stock traded hands, compared to its average volume of 529,263. Vista Outdoor has a 1 year low of $8.55 and a 1 year high of $20.04. The firm has a market capitalization of $535.60 million, a PE ratio of 19.48 and a beta of 0.11. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.95 and a quick ratio of 1.78.
Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Vista Outdoor by 1,179.6% in the 3rd quarter. Renaissance Technologies LLC now owns 319,900 shares of the company’s stock valued at $5,723,000 after buying an additional 294,900 shares during the period. Millennium Management LLC purchased a new position in Vista Outdoor during the 2nd quarter worth $2,544,000. MetLife Investment Advisors LLC grew its position in Vista Outdoor by 55.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 42,109 shares of the company’s stock worth $753,000 after purchasing an additional 15,068 shares during the last quarter. IndexIQ Advisors LLC grew its position in Vista Outdoor by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 139,292 shares of the company’s stock worth $2,492,000 after purchasing an additional 5,260 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Vista Outdoor by 24.9% in the third quarter. US Bancorp DE now owns 24,680 shares of the company’s stock valued at $442,000 after acquiring an additional 4,920 shares in the last quarter. 97.85% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Story: What are the Benefits of Index Funds?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.