Vista Outdoor Inc. (VSTO) Updates FY17 Earnings Guidance
Vista Outdoor Inc. (NYSE:VSTO) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $2.65-2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.66. The company issued revenue guidance of $2.72-2.78 billion, compared to the consensus revenue estimate of $2.72 billion.
Several research firms have recently weighed in on VSTO. DA Davidson reissued a buy rating on shares of Vista Outdoor in a research report on Tuesday. Wunderlich cut their target price on Vista Outdoor from $60.00 to $52.00 and set a buy rating on the stock in a research report on Monday. Jefferies Group reissued a buy rating and set a $54.00 target price on shares of Vista Outdoor in a research report on Monday, October 17th. Forward View reissued a buy rating and set a $43.00 target price on shares of Vista Outdoor in a research report on Saturday, October 8th. Finally, CL King initiated coverage on Vista Outdoor in a research report on Monday, September 19th. They set a buy rating and a $45.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $51.60.
Vista Outdoor Inc. (NYSE:VSTO) opened at 37.73 on Thursday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 16.38 and a beta of 0.32. Vista Outdoor Inc. has a one year low of $37.00 and a one year high of $53.91. The stock has a 50 day moving average price of $38.61 and a 200-day moving average price of $44.36.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.13. The firm had revenue of $684 million for the quarter, compared to analysts’ expectations of $660.17 million. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, analysts predict that Vista Outdoor Inc. will post $2.66 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of VSTO. BlackRock Fund Advisors boosted its position in shares of Vista Outdoor by 2.9% in the second quarter. BlackRock Fund Advisors now owns 2,178,936 shares of the company’s stock valued at $104,001,000 after buying an additional 61,466 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Vista Outdoor by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,776,298 shares of the company’s stock valued at $84,783,000 after buying an additional 34,107 shares during the last quarter. State Street Corp boosted its position in Vista Outdoor by 0.7% in the second quarter. State Street Corp now owns 1,532,882 shares of the company’s stock valued at $73,171,000 after buying an additional 10,964 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Vista Outdoor during the second quarter valued at about $55,045,000. Finally, Loomis Sayles & Co. L P boosted its position in Vista Outdoor by 4.2% in the second quarter. Loomis Sayles & Co. L P now owns 965,012 shares of the company’s stock valued at $46,060,000 after buying an additional 38,989 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.
About Vista Outdoor
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. The Company’s 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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