Vista Outdoor (VSTO) Releases Earnings Results, Beats Expectations By $0.06 EPS

Vista Outdoor (NYSE:VSTO) issued its quarterly earnings data on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06, Bloomberg Earnings reports. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $566.98 million. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The company’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. Vista Outdoor updated its FY18 guidance to $0.50-0.60 EPS.

Vista Outdoor (NYSE VSTO) traded up $1.84 during midday trading on Thursday, reaching $17.17. The company’s stock had a trading volume of 954,037 shares, compared to its average volume of 745,002. The firm has a market cap of $853.55, a P/E ratio of -2.08, a P/E/G ratio of 2.60 and a beta of -0.22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.63 and a current ratio of 3.03. Vista Outdoor has a 52 week low of $12.35 and a 52 week high of $25.07.

In other news, CEO Christopher T. Metz bought 6,500 shares of the company’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 transaction, the chief executive officer now directly owns 87,256 shares in the company, valued at approximately $1,296,624.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Gottfredson bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was purchased at an average cost of $14.60 per share, with a total value of $73,000.00. Following the completion of the transaction, 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 ninety days, insiders acquired 16,000 shares of company stock valued at $231,165. 1.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. grew its position in Vista Outdoor by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock valued at $296,000 after acquiring an additional 243 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Vista Outdoor by 7.0% in the 2nd quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after buying an additional 698 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Vista Outdoor by 5.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 34,490 shares of the company’s stock valued at $776,000 after buying an additional 1,820 shares during the period. First Mercantile Trust Co. boosted its stake in shares of Vista Outdoor by 42.8% in the 4th quarter. First Mercantile Trust Co. now owns 11,412 shares of the company’s stock valued at $166,000 after buying an additional 3,421 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Vista Outdoor by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 110,981 shares of the company’s stock valued at $2,546,000 after buying an additional 3,456 shares during the period.

A number of brokerages recently issued reports on VSTO. Roth Capital reissued a “neutral” rating and set a $14.00 price objective on shares of Vista Outdoor in a research report on Monday. Zacks Investment Research downgraded Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. ValuEngine downgraded Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Cowen reissued a “hold” rating and set a $14.50 price objective on shares of Vista Outdoor in a research report on Monday, November 13th. Finally, Forward View downgraded Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 price objective for the company. in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $21.78.

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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.

Earnings History for Vista Outdoor (NYSE:VSTO)

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