$473.23 Million in Sales Expected for Vista Outdoor Inc (NYSE:VSTO) This Quarter

Equities analysts expect Vista Outdoor Inc (NYSE:VSTO) to announce $473.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Vista Outdoor’s earnings, with the highest sales estimate coming in at $478.53 million and the lowest estimate coming in at $466.30 million. Vista Outdoor posted sales of $528.84 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.5%. The firm is expected to issue its next quarterly earnings report on Thursday, August 8th.

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

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $515.34 million for the quarter, compared to analyst estimates of $503.17 million. During the same quarter in the previous year, the company earned ($0.22) EPS. The company’s quarterly revenue was down 9.8% compared to the same quarter last year.

Several analysts have issued reports on VSTO shares. B. Riley set a $13.00 price objective on Vista Outdoor and gave the company a “buy” rating in a research note on Friday, May 10th. Lake Street Capital started coverage on Vista Outdoor in a research report on Tuesday. They set a “buy” rating and a $11.00 price target on the stock. Monness Crespi & Hardt upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, May 10th. ValuEngine upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Zacks Investment Research cut Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

NYSE VSTO traded down $0.07 on Wednesday, hitting $8.43. 15,443 shares of the stock traded hands, compared to its average volume of 535,920. The company has a 50-day moving average price of $8.47. Vista Outdoor has a twelve month low of $7.47 and a twelve month high of $19.41. The stock has a market capitalization of $509.14 million, a P/E ratio of 60.18 and a beta of 0.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.96 and a quick ratio of 1.88.

Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Vista Outdoor in the 4th quarter valued at approximately $9,610,000. Frontier Capital Management Co. LLC increased its position in Vista Outdoor by 12.4% in the 1st quarter. Frontier Capital Management Co. LLC now owns 5,305,969 shares of the company’s stock valued at $42,501,000 after acquiring an additional 586,071 shares during the period. Berkley W R Corp increased its position in Vista Outdoor by 33.3% in the 4th quarter. Berkley W R Corp now owns 2,001,286 shares of the company’s stock valued at $22,715,000 after acquiring an additional 500,010 shares during the period. BlackRock Inc. boosted its stake in Vista Outdoor by 3.1% during the 4th quarter. BlackRock Inc. now owns 8,311,097 shares of the company’s stock valued at $94,331,000 after purchasing an additional 249,541 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Vista Outdoor by 24.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,102,889 shares of the company’s stock valued at $12,518,000 after purchasing an additional 215,378 shares in the last quarter. Institutional investors and hedge funds own 94.25% of the company’s stock.

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

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