Brokerages expect Vista Outdoor Inc. (NYSE:VSTO) to post sales of $552.98 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Vista Outdoor’s earnings. The lowest sales estimate is $533.00 million and the highest is $582.70 million. Vista Outdoor reported sales of $630.27 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.3%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, August 10th.
According to Zacks, analysts expect that Vista Outdoor will report full year sales of $552.98 million for the current fiscal year, with estimates ranging from $2.38 billion to $2.42 billion. For the next year, analysts forecast that the business will report sales of $2.48 billion per share, with estimates ranging from $2.47 billion to $2.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, May 11th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.15. The company had revenue of $578.80 million for the quarter, compared to analyst estimates of $565.19 million. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share.
A number of research analysts have recently issued reports on the company. BidaskClub raised Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded shares of Vista Outdoor from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Vista Outdoor in a report on Friday, July 14th. Cowen and Company reiterated a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a report on Tuesday, July 11th. Finally, DA Davidson upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Vista Outdoor has an average rating of “Hold” and a consensus target price of $31.14.
A number of hedge funds have recently modified their holdings of the company. Investment Counselors of Maryland LLC raised its stake in shares of Vista Outdoor by 165.1% in the first quarter. Investment Counselors of Maryland LLC now owns 674,880 shares of the company’s stock valued at $13,896,000 after buying an additional 420,300 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Vista Outdoor by 1,128.7% in the first quarter. Russell Investments Group Ltd. now owns 37,057 shares of the company’s stock valued at $764,000 after buying an additional 34,041 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Vista Outdoor by 888.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the company’s stock valued at $9,163,000 after buying an additional 400,000 shares during the period. River Road Asset Management LLC raised its stake in shares of Vista Outdoor by 256.5% in the first quarter. River Road Asset Management LLC now owns 680,840 shares of the company’s stock valued at $14,018,000 after buying an additional 489,858 shares during the period. Finally, First Mercantile Trust Co. bought a new stake in shares of Vista Outdoor during the first quarter valued at approximately $185,000. Institutional investors and hedge funds own 99.49% of the company’s stock.
Vista Outdoor (NYSE VSTO) opened at 22.34 on Wednesday. The firm’s market capitalization is $1.27 billion. The firm’s 50-day moving average price is $22.83 and its 200 day moving average price is $22.02. Vista Outdoor has a one year low of $18.32 and a one year high of $51.93.
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Vista Outdoor Company Profile
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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