Vista Outdoor Inc (VSTO) Expected to Post Quarterly Sales of $495.54 Million

Wall Street analysts expect that Vista Outdoor Inc (NYSE:VSTO) will report sales of $495.54 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Vista Outdoor’s earnings, with estimates ranging from $485.72 million to $506.90 million. Vista Outdoor posted sales of $571.23 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.3%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, May 9th.

According to Zacks, analysts expect that Vista Outdoor will report full-year sales of $2.04 billion for the current fiscal year, with estimates ranging from $2.03 billion to $2.05 billion. For the next fiscal year, analysts expect that the company will report sales of $2.02 billion, with estimates ranging from $1.98 billion to $2.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, February 7th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $467.80 million during the quarter, compared to the consensus estimate of $505.40 million. Vista Outdoor had a negative return on equity of 0.44% and a negative net margin of 29.12%. The firm’s revenue for the quarter was down 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share.

A number of research firms have issued reports on VSTO. ValuEngine downgraded Vista Outdoor from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Roth Capital reiterated a “neutral” rating on shares of Vista Outdoor in a report on Friday, February 8th. B. Riley began coverage on Vista Outdoor in a report on Thursday, February 28th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Zacks Investment Research downgraded Vista Outdoor from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.88.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Vista Outdoor by 4.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 664,853 shares of the company’s stock valued at $11,895,000 after acquiring an additional 25,736 shares during the period. BlackRock Inc. boosted its stake in shares of Vista Outdoor by 3.2% in the third quarter. BlackRock Inc. now owns 8,061,556 shares of the company’s stock worth $144,223,000 after buying an additional 251,308 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Vista Outdoor in the third quarter worth about $234,000. Renaissance Technologies LLC boosted its stake in shares of Vista Outdoor by 1,179.6% in the third quarter. Renaissance Technologies LLC now owns 319,900 shares of the company’s stock worth $5,723,000 after buying an additional 294,900 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Vista Outdoor by 195.1% in the third quarter. Pacer Advisors Inc. now owns 28,498 shares of the company’s stock worth $510,000 after buying an additional 18,842 shares during the last quarter. Institutional investors and hedge funds own 96.68% of the company’s stock.

Shares of Vista Outdoor stock traded up $0.05 during midday trading on Thursday, reaching $8.78. 340,166 shares of the company’s stock traded hands, compared to its average volume of 471,956. The company has a quick ratio of 1.78, a current ratio of 2.95 and a debt-to-equity ratio of 1.09. The company has a market cap of $505.65 million, a PE ratio of 17.56 and a beta of 0.05. Vista Outdoor has a 12 month low of $7.78 and a 12 month high of $19.41.

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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