Wall Street brokerages predict that Vista Outdoor Inc (NYSE:VSTO) will post $543.21 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Vista Outdoor’s earnings. The highest sales estimate is $553.30 million and the lowest is $533.11 million. Vista Outdoor reported sales of $587.28 million in the same quarter last year, which indicates a negative year-over-year growth rate of 7.5%. The firm is expected to issue its next earnings results on Thursday, November 8th.

On average, analysts expect that Vista Outdoor will report full year sales of $2.13 billion for the current financial year, with estimates ranging from $2.12 billion to $2.13 billion. For the next financial year, analysts expect that the company will post sales of $2.17 billion per share, with estimates ranging from $2.13 billion to $2.21 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Vista Outdoor.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, August 9th. The company reported $0.00 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.08. Vista Outdoor had a negative net margin of 5.70% and a positive return on equity of 1.22%. The company had revenue of $528.84 million for the quarter, compared to analyst estimates of $542.54 million. During the same period in the prior year, the firm posted $0.24 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis.

Several brokerages recently issued reports on VSTO. Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, August 15th. Roth Capital set a $19.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research note on Saturday, August 11th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.70.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Vista Outdoor by 6.7% during the second quarter. BlackRock Inc. now owns 7,810,248 shares of the company’s stock worth $120,981,000 after acquiring an additional 487,576 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Vista Outdoor by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,835,881 shares of the company’s stock valued at $78,922,000 after buying an additional 223,903 shares in the last quarter. Berkley W R Corp lifted its stake in shares of Vista Outdoor by 13.3% in the second quarter. Berkley W R Corp now owns 1,501,276 shares of the company’s stock valued at $23,255,000 after buying an additional 175,734 shares in the last quarter. Spark Investment Management LLC lifted its stake in shares of Vista Outdoor by 95.3% in the second quarter. Spark Investment Management LLC now owns 933,900 shares of the company’s stock valued at $14,466,000 after buying an additional 455,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Vista Outdoor by 23.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 807,183 shares of the company’s stock valued at $12,504,000 after buying an additional 154,122 shares in the last quarter. 96.89% of the stock is currently owned by institutional investors and hedge funds.

NYSE:VSTO opened at $17.43 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.58 and a current ratio of 2.61. Vista Outdoor has a 52 week low of $12.35 and a 52 week high of $23.71. The firm has a market capitalization of $1.03 billion, a PE ratio of 34.86 and a beta of -0.20.

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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Earnings History and Estimates for Vista Outdoor (NYSE:VSTO)

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