Equities analysts expect Vista Outdoor Inc (NYSE:VSTO) to report earnings per share (EPS) of $0.06 for the current quarter, according to Zacks. Two analysts have provided estimates for Vista Outdoor’s earnings, with estimates ranging from $0.04 to $0.08. Vista Outdoor posted earnings of ($0.08) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 175%. The business is expected to report its next earnings report on Thursday, August 13th.

According to Zacks, analysts expect that Vista Outdoor will report full-year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.35 to $0.47. For the next fiscal year, analysts expect that the business will report earnings of $0.50 per share. Zacks’ EPS calculations are an average based on a survey of research firms that follow Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, May 7th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Vista Outdoor had a positive return on equity of 2.52% and a negative net margin of 8.83%. The firm had revenue of $426.31 million for the quarter, compared to analysts’ expectations of $454.89 million. During the same quarter in the previous year, the business posted $0.01 EPS. The business’s quarterly revenue was down 17.3% compared to the same quarter last year.

VSTO has been the topic of several analyst reports. B. Riley reissued a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Vista Outdoor in a report on Monday, June 22nd. Cowen restated a “hold” rating and set a $11.00 price objective on shares of Vista Outdoor in a research report on Thursday, May 7th. Zacks Investment Research downgraded Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Monness Crespi & Hardt raised their price objective on Vista Outdoor from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Lake Street Capital raised their price objective on Vista Outdoor from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.54.

Shares of VSTO traded up $0.22 during trading hours on Tuesday, hitting $14.30. 2,560,600 shares of the company were exchanged, compared to its average volume of 1,115,358. The company has a market cap of $817.54 million, a price-to-earnings ratio of -5.32 and a beta of 0.24. Vista Outdoor has a fifty-two week low of $4.29 and a fifty-two week high of $14.74. The company has a quick ratio of 1.53, a current ratio of 2.87 and a debt-to-equity ratio of 1.32. The firm’s fifty day moving average is $10.50 and its 200 day moving average is $8.62.

In other Vista Outdoor news, CEO Christopher T. Metz bought 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $7.11 per share, with a total value of $248,850.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in VSTO. Marshall Wace LLP acquired a new stake in Vista Outdoor in the fourth quarter valued at approximately $3,849,000. Cooper Creek Partners Management LLC purchased a new position in shares of Vista Outdoor during the fourth quarter valued at approximately $3,074,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Vista Outdoor by 38.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,278,293 shares of the company’s stock valued at $9,562,000 after buying an additional 354,178 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Vista Outdoor by 42.4% during the first quarter. Royal Bank of Canada now owns 1,091,458 shares of the company’s stock valued at $9,605,000 after buying an additional 324,747 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Vista Outdoor by 101.9% during the first quarter. Acadian Asset Management LLC now owns 528,999 shares of the company’s stock valued at $4,657,000 after buying an additional 267,041 shares during the last quarter. 92.91% of the stock is owned by hedge funds and other institutional investors.

About Vista Outdoor

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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