Vista Outdoor (NYSE:VSTO) Updates FY 2020 Earnings Guidance

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Vista Outdoor (NYSE:VSTO) updated its FY 2020 earnings guidance on Tuesday. The company provided EPS guidance of $0.10-0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.15. The company issued revenue guidance of $1.75-1.85 billion, compared to the consensus revenue estimate of $1.83 billion.

Shares of NYSE:VSTO opened at $5.96 on Wednesday. Vista Outdoor has a 1 year low of $4.30 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 1.82. The business’s 50 day moving average price is $5.82 and its 200-day moving average price is $7.88. The firm has a market capitalization of $310.71 million, a PE ratio of 42.57 and a beta of 0.42.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.11). The firm had revenue of $459.77 million for the quarter, compared to analyst estimates of $471.41 million. Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. As a group, analysts expect that Vista Outdoor will post 0.13 earnings per share for the current year.

Several brokerages have recently issued reports on VSTO. ValuEngine upgraded Vista Outdoor from a sell rating to a hold rating in a research note on Thursday, August 1st. B. Riley set a $11.00 price objective on shares of Vista Outdoor and gave the company a buy rating in a research note on Wednesday, September 4th. Cowen restated a hold rating and set a $5.00 target price on shares of Vista Outdoor in a research report on Tuesday, September 3rd. Lake Street Capital began coverage on Vista Outdoor in a report on Tuesday, July 9th. They set a buy rating and a $11.00 price target on the stock. Finally, Zacks Investment Research cut shares of Vista Outdoor from a hold rating to a strong sell rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $11.20.

In related news, CEO Christopher T. Metz purchased 33,730 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $4.46 per share, for a total transaction of $150,435.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Miguel A. Lopez bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of $4.81 per share, for a total transaction of $48,100.00. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

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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