$0.05 Earnings Per Share Expected for Vista Outdoor Inc (VSTO) This Quarter
Brokerages expect Vista Outdoor Inc (NYSE:VSTO) to announce $0.05 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Vista Outdoor’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.11. Vista Outdoor reported earnings per share of $0.62 in the same quarter last year, which suggests a negative year-over-year growth rate of 91.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 8th.
On average, analysts expect that Vista Outdoor will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.62. For the next year, analysts anticipate that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.61 to $1.05. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Vista Outdoor.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $588.85 million. During the same period in the previous year, the firm earned $0.74 EPS. Vista Outdoor’s revenue was down 14.2% on a year-over-year basis.
Vista Outdoor (NYSE:VSTO) traded up $0.01 during midday trading on Tuesday, hitting $14.59. 465,282 shares of the company were exchanged, compared to its average volume of 902,550. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.03 and a quick ratio of 1.63. Vista Outdoor has a twelve month low of $12.35 and a twelve month high of $39.39. The company has a market cap of $836.35 and a P/E ratio of -1.78.
In other Vista Outdoor news, Director Mark A. Gottfredson bought 5,000 shares of Vista Outdoor stock in a transaction on Tuesday, December 5th. The stock was purchased at an average cost of $14.60 per share, for a total transaction of $73,000.00. Following the completion of the purchase, the director now directly owns 21,716 shares of the company’s stock, valued at $317,053.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Metz bought 6,500 shares of Vista Outdoor stock in a transaction on Tuesday, December 5th. The stock was acquired at an average price of $14.86 per share, with a total value of $96,590.00. Following the completion of the purchase, the chief executive officer now directly owns 87,256 shares of the company’s stock, valued at $1,296,624.16. The disclosure for this purchase can be found here. Insiders have purchased 16,000 shares of company stock worth $231,165 over the last ninety days. 1.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Walthausen & Co. LLC lifted its stake in Vista Outdoor by 95.6% in the third quarter. Walthausen & Co. LLC now owns 762,385 shares of the company’s stock valued at $17,489,000 after acquiring an additional 372,575 shares during the last quarter. PVG Asset Management Corp acquired a new stake in Vista Outdoor in the third quarter valued at approximately $1,651,000. California Public Employees Retirement System lifted its stake in Vista Outdoor by 8.8% in the third quarter. California Public Employees Retirement System now owns 122,249 shares of the company’s stock valued at $2,804,000 after acquiring an additional 9,849 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Vista Outdoor in the third quarter valued at approximately $707,000. Finally, Engineers Gate Manager LP acquired a new stake in Vista Outdoor in the third quarter valued at approximately $2,637,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.
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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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