Vista Outdoor Inc. (NYSE:VSTO) issued its quarterly earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11, Bloomberg Earnings reports. The company had revenue of $569 million during the quarter, compared to the consensus estimate of $552.49 million. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. Vista Outdoor’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. Vista Outdoor updated its FY18 guidance to $1.10-1.30 EPS.

Shares of Vista Outdoor (NYSE VSTO) traded down 2.15% during mid-day trading on Thursday, reaching $21.86. The company had a trading volume of 3,914,591 shares. The stock’s market capitalization is $1.25 billion. The company’s 50-day moving average is $22.72 and its 200 day moving average is $21.86. Vista Outdoor has a 52-week low of $18.32 and a 52-week high of $43.15.

VSTO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Vista Outdoor from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. Roth Capital set a $20.00 price objective on Vista Outdoor and gave the stock a “hold” rating in a report on Saturday, May 13th. BidaskClub upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. DA Davidson upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Finally, Cowen and Company restated a “market perform” rating and set a $26.00 price objective (up from $18.00) on shares of Vista Outdoor in a report on Wednesday, May 17th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Vista Outdoor currently has a consensus rating of “Hold” and an average price target of $31.14.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in Vista Outdoor by 0.3% in the second quarter. Arizona State Retirement System now owns 29,800 shares of the company’s stock valued at $671,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its position in Vista Outdoor by 0.8% in the second quarter. Texas Permanent School Fund now owns 41,655 shares of the company’s stock valued at $938,000 after buying an additional 348 shares during the last quarter. SG Americas Securities LLC raised its position in Vista Outdoor by 2.5% in the first quarter. SG Americas Securities LLC now owns 18,336 shares of the company’s stock valued at $378,000 after buying an additional 439 shares during the last quarter. Prudential Financial Inc. raised its position in Vista Outdoor by 0.6% in the second quarter. Prudential Financial Inc. now owns 96,198 shares of the company’s stock valued at $2,165,000 after buying an additional 564 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Vista Outdoor by 3.6% in the first quarter. Public Employees Retirement System of Ohio now owns 30,301 shares of the company’s stock valued at $624,000 after buying an additional 1,063 shares during the last quarter. Hedge funds and other institutional investors own 99.49% of the company’s stock.

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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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