Equities analysts expect Vista Outdoor Inc (NYSE:VSTO) to post $477.95 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Vista Outdoor’s earnings. The highest sales estimate is $519.20 million and the lowest is $456.34 million. Vista Outdoor reported sales of $546.59 million during the same quarter last year, which would suggest a negative year over year growth rate of 12.6%. The business is expected to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Vista Outdoor will report full year sales of $1.89 billion for the current fiscal year, with estimates ranging from $1.83 billion to $1.98 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Vista Outdoor.

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 Zacks’ consensus estimate of $0.03 by ($0.11). Vista Outdoor had a negative net margin of 30.80% and a positive return on equity of 0.48%. The company had revenue of $459.77 million for the quarter, compared to analyst estimates of $471.41 million. The business’s quarterly revenue was down 13.1% on a year-over-year basis.

A number of research firms recently issued reports on VSTO. Lake Street Capital began coverage on Vista Outdoor in a research report on Tuesday, July 9th. They set a “buy” rating and a $11.00 price objective for the company. Zacks Investment Research lowered Vista Outdoor from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 16th. B. Riley set a $13.00 price objective on Vista Outdoor and gave the company a “buy” rating in a research report on Monday, July 8th. Monness Crespi & Hardt raised Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, May 10th. Finally, ValuEngine raised Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.60.

In other Vista Outdoor news, CEO Christopher T. Metz bought 33,730 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $4.46 per share, with a total value of $150,435.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Vista Outdoor during the fourth quarter valued at $9,610,000. SG Americas Securities LLC grew its stake in Vista Outdoor by 238.4% in the first quarter. SG Americas Securities LLC now owns 198,195 shares of the company’s stock valued at $1,588,000 after purchasing an additional 139,621 shares in the last quarter. 6 Meridian grew its stake in Vista Outdoor by 4.5% in the second quarter. 6 Meridian now owns 61,728 shares of the company’s stock valued at $548,000 after purchasing an additional 2,661 shares in the last quarter. Texas Permanent School Fund grew its stake in Vista Outdoor by 3.8% in the first quarter. Texas Permanent School Fund now owns 39,103 shares of the company’s stock valued at $313,000 after purchasing an additional 1,425 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in Vista Outdoor by 12.4% in the first quarter. Frontier Capital Management Co. LLC now owns 5,305,969 shares of the company’s stock valued at $42,501,000 after purchasing an additional 586,071 shares in the last quarter. 93.69% of the stock is currently owned by institutional investors.

NYSE:VSTO traded up $0.15 during midday trading on Friday, reaching $5.06. 51,263 shares of the company traded hands, compared to its average volume of 834,824. Vista Outdoor has a twelve month low of $4.30 and a twelve month high of $18.79. The firm has a market capitalization of $262.20 million, a price-to-earnings ratio of 36.14 and a beta of 0.35. 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 company has a fifty day moving average price of $7.11 and a 200 day moving average price of $8.32.

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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