Vista Outdoor Inc. (NYSE:VSTO) Expected to Announce Earnings of $1.81 Per Share

Equities analysts predict that Vista Outdoor Inc. (NYSE:VSTOGet Rating) will announce earnings per share (EPS) of $1.81 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Vista Outdoor’s earnings, with estimates ranging from $1.77 to $1.85. Vista Outdoor reported earnings of $1.02 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 77.5%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Vista Outdoor will report full year earnings of $8.06 per share for the current financial year, with EPS estimates ranging from $8.02 to $8.10. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.67 per share, with EPS estimates ranging from $6.30 to $7.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Vista Outdoor.

Vista Outdoor (NYSE:VSTOGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The company reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.22. The business had revenue of $794.70 million during the quarter, compared to the consensus estimate of $746.79 million. Vista Outdoor had a return on equity of 49.40% and a net margin of 15.09%. The company’s revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share.

A number of equities research analysts have recently commented on the stock. Roth Capital reduced their target price on shares of Vista Outdoor from $61.00 to $57.00 in a report on Friday, February 4th. StockNews.com initiated coverage on Vista Outdoor in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Monness Crespi & Hardt reissued a “buy” rating and issued a $65.00 target price on shares of Vista Outdoor in a report on Friday, March 18th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $58.11.

Shares of Vista Outdoor stock opened at $36.22 on Friday. Vista Outdoor has a 1 year low of $30.81 and a 1 year high of $52.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.21 and a current ratio of 2.64. The company has a market capitalization of $2.04 billion, a P/E ratio of 5.04 and a beta of 0.56. The company’s fifty day moving average is $36.32 and its two-hundred day moving average is $40.36.

In other news, insider Jason R. Vanderbrink sold 3,104 shares of the firm’s stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $35.79, for a total value of $111,092.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.78% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of VSTO. Morgan Stanley increased its holdings in shares of Vista Outdoor by 97.7% in the 2nd quarter. Morgan Stanley now owns 550,488 shares of the company’s stock valued at $25,478,000 after purchasing an additional 272,068 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Vista Outdoor by 10.1% in the third quarter. WINTON GROUP Ltd now owns 16,163 shares of the company’s stock valued at $652,000 after buying an additional 1,478 shares in the last quarter. M&T Bank Corp increased its holdings in Vista Outdoor by 15.1% in the third quarter. M&T Bank Corp now owns 8,108 shares of the company’s stock valued at $327,000 after buying an additional 1,065 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of Vista Outdoor by 10.5% during the 3rd quarter. Sigma Planning Corp now owns 13,802 shares of the company’s stock worth $556,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. boosted its stake in shares of Vista Outdoor by 4.1% during the 3rd quarter. Beacon Harbor Wealth Advisors Inc. now owns 106,188 shares of the company’s stock worth $4,280,000 after acquiring an additional 4,145 shares in the last quarter. Institutional investors own 82.04% of the company’s stock.

About Vista Outdoor (Get Rating)

Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Shooting Sports and Outdoor Products. The Shooting Sports segment offers ammunition products, including centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components; and hunting and shooting accessories comprising high-performance hunting arrows, game calls, hunting blinds, game cameras, decoys, reloading equipment, clay targets, premium gun care products, holsters, duty gear, bags, packs, binoculars, riflescopes, and telescopes.

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