Zacks: Brokerages Expect Vista Outdoor Inc. (VSTO) to Post $0.21 Earnings Per Share
Equities analysts forecast that Vista Outdoor Inc. (NYSE:VSTO) will report earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Vista Outdoor’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.05. Vista Outdoor reported earnings per share of $0.62 during the same quarter last year, which indicates a negative year over year growth rate of 66.1%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Vista Outdoor will report full year earnings of $0.93 per share for the current year, with EPS estimates ranging from $0.52 to $1.29. For the next fiscal year, analysts forecast that the company will post earnings of $1.11 per share, with EPS estimates ranging from $0.70 to $1.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business had revenue of $587.00 million for the quarter, compared to analysts’ expectations of $588.85 million. During the same quarter in the prior year, the business earned $0.74 EPS. The firm’s revenue for the quarter was down 14.2% on a year-over-year basis.
VSTO has been the topic of several recent research reports. KeyCorp initiated coverage on Vista Outdoor in a research report on Wednesday, August 30th. They set an “overweight” rating on the stock. Zacks Investment Research upgraded Vista Outdoor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Cowen and Company reiterated a “hold” rating and set a $26.00 price objective on shares of Vista Outdoor in a research report on Wednesday, October 4th. Jefferies Group LLC reiterated a “buy” rating on shares of Vista Outdoor in a research report on Wednesday, October 11th. Finally, BidaskClub cut Vista Outdoor from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Vista Outdoor has an average rating of “Hold” and a consensus target price of $23.40.
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In related news, Director Tig H. Krekel purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $13.33 per share, for a total transaction of $39,990.00. Following the completion of the transaction, the director now owns 7,684 shares of the company’s stock, valued at $102,427.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in shares of Vista Outdoor in the second quarter worth $113,000. Sphera Funds Management LTD. bought a new position in shares of Vista Outdoor in the second quarter worth $135,000. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Vista Outdoor in the second quarter worth $500,000. Profund Advisors LLC increased its position in shares of Vista Outdoor by 7.0% in the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after purchasing an additional 698 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Vista Outdoor by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 11,263 shares of the company’s stock worth $253,000 after purchasing an additional 4,963 shares during the period. Institutional investors own 99.97% of the company’s stock.
Vista Outdoor (VSTO) traded up $0.04 on Thursday, reaching $13.32. The company had a trading volume of 2,724,300 shares, compared to its average volume of 1,319,440. Vista Outdoor has a twelve month low of $12.35 and a twelve month high of $41.29. The company has a current ratio of 3.03, a quick ratio of 1.63 and a debt-to-equity ratio of 0.86. The company has a market cap of $761.26, a PE ratio of 10.80, a PEG ratio of 1.51 and a beta of -0.12.
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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