Zacks: Brokerages Anticipate Vista Outdoor Inc (NYSE:VSTO) Will Announce Earnings of $0.01 Per Share

Analysts forecast that Vista Outdoor Inc (NYSE:VSTO) will post $0.01 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Vista Outdoor’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.04). The business is expected to announce its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Vista Outdoor will report full year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.25 to $0.35. For the next financial year, analysts expect that the company will report earnings of $0.43 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.12). Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The firm had revenue of $515.34 million for the quarter, compared to the consensus estimate of $503.17 million. During the same period in the previous year, the firm earned ($0.22) EPS. Vista Outdoor’s revenue for the quarter was down 9.8% on a year-over-year basis.

Several brokerages recently commented on VSTO. Cowen reissued a “hold” rating and set a $12.00 target price on shares of Vista Outdoor in a report on Thursday, May 9th. Zacks Investment Research cut Vista Outdoor from a “hold” rating to a “strong sell” rating in a report on Thursday, May 16th. ValuEngine raised Vista Outdoor from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. B. Riley set a $13.00 target price on Vista Outdoor and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, 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 report on Friday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.60.

NYSE:VSTO traded down $0.21 during midday trading on Friday, hitting $8.12. 325,270 shares of the stock were exchanged, compared to its average volume of 455,960. Vista Outdoor has a one year low of $7.47 and a one year high of $19.41. The stock has a market cap of $468.77 million, a price-to-earnings ratio of 58.00 and a beta of 0.20. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.96 and a quick ratio of 1.88.

A number of institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its position in Vista Outdoor by 0.9% in the first quarter. Rhumbline Advisers now owns 143,207 shares of the company’s stock worth $1,147,000 after buying an additional 1,294 shares during the last quarter. Texas Permanent School Fund grew its position in Vista Outdoor by 3.8% in the first quarter. Texas Permanent School Fund now owns 39,103 shares of the company’s stock worth $313,000 after buying an additional 1,425 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Vista Outdoor by 40.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock worth $58,000 after buying an additional 1,488 shares during the last quarter. Hsbc Holdings PLC grew its position in Vista Outdoor by 15.5% in the first quarter. Hsbc Holdings PLC now owns 19,047 shares of the company’s stock worth $152,000 after buying an additional 2,549 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Vista Outdoor by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 467,454 shares of the company’s stock worth $5,306,000 after buying an additional 2,954 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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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