$581.09 Million in Sales Expected for Vista Outdoor Inc (VSTO) This Quarter

Wall Street analysts expect Vista Outdoor Inc (NYSE:VSTO) to report $581.09 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Vista Outdoor’s earnings, with the lowest sales estimate coming in at $562.30 million and the highest estimate coming in at $618.30 million. Vista Outdoor reported sales of $653.56 million during the same quarter last year, which indicates a negative year-over-year growth rate of 11.1%. The company is expected to announce its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Vista Outdoor will report full-year sales of $581.09 million for the current year, with estimates ranging from $2.25 billion to $2.38 billion. For the next fiscal year, analysts expect that the company will post sales of $2.29 billion per share, with estimates ranging from $2.21 billion to $2.45 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $587.00 million for the quarter, compared to the consensus estimate of $588.85 million. During the same quarter last year, the firm posted $0.74 EPS. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year.

VSTO has been the subject of a number of recent analyst reports. BidaskClub raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, October 12th. Roth Capital set a $21.00 price target on shares of Vista Outdoor and gave the company a “hold” rating in a report on Friday, October 6th. Cowen reaffirmed a “hold” rating and set a $14.50 price target on shares of Vista Outdoor in a report on Monday, November 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Vista Outdoor in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Vista Outdoor currently has an average rating of “Hold” and an average price target of $23.40.

In related news, CEO Christopher T. Metz acquired 6,500 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was bought at an average cost of $14.86 per share, with a total value of $96,590.00. Following the acquisition, the chief executive officer now directly owns 87,256 shares in the company, valued at $1,296,624.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Gottfredson acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average cost of $14.60 per share, with a total value of $73,000.00. Following the completion of the acquisition, the director now owns 21,716 shares in the company, valued at $317,053.60. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 16,000 shares of company stock valued at $231,165. 1.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Walthausen & Co. LLC boosted its holdings in shares of Vista Outdoor by 95.6% in the 3rd quarter. Walthausen & Co. LLC now owns 762,385 shares of the company’s stock valued at $17,489,000 after buying an additional 372,575 shares during the period. PVG Asset Management Corp acquired a new position in shares of Vista Outdoor in the 3rd quarter valued at about $1,651,000. California Public Employees Retirement System boosted its holdings in shares of Vista Outdoor by 8.8% in the 3rd quarter. California Public Employees Retirement System now owns 122,249 shares of the company’s stock valued at $2,804,000 after buying an additional 9,849 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Vista Outdoor in the 3rd quarter valued at about $707,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Vista Outdoor in the 3rd quarter valued at about $2,637,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Vista Outdoor (NYSE VSTO) traded down $1.02 on Thursday, reaching $14.08. 1,430,300 shares of the company were exchanged, compared to its average volume of 1,096,750. The firm has a market cap of $814.00 and a price-to-earnings ratio of -1.72. Vista Outdoor has a 1-year low of $12.35 and a 1-year high of $39.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.63 and a current ratio of 3.03.

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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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