Brokerages expect that Vista Outdoor Inc (NYSE:VSTO) will post $495.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Vista Outdoor’s earnings. The highest sales estimate is $506.90 million and the lowest is $485.72 million. Vista Outdoor posted sales of $571.23 million in the same quarter last year, which suggests a negative year over year growth rate of 13.3%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Vista Outdoor will report full year sales of $2.04 billion for the current year, with estimates ranging from $2.03 billion to $2.05 billion. For the next financial year, analysts forecast that the firm will report sales of $2.02 billion, with estimates ranging from $1.98 billion to $2.10 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Vista Outdoor.

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

VSTO has been the subject of several research reports. ValuEngine cut Vista Outdoor from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. Roth Capital reaffirmed a “neutral” rating on shares of Vista Outdoor in a report on Friday, February 8th. B. Riley initiated coverage on Vista Outdoor in a report on Thursday, February 28th. They set a “buy” rating and a $13.00 price objective for the company. Finally, Zacks Investment Research cut Vista Outdoor from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Vista Outdoor presently has an average rating of “Hold” and an average price target of $15.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of 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 acquiring an additional 1,488 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Vista Outdoor in the fourth quarter worth $153,000. Hsbc Holdings PLC raised its holdings in shares of Vista Outdoor by 62.6% in the fourth quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock worth $188,000 after acquiring an additional 6,352 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Vista Outdoor in the fourth quarter worth $189,000. Finally, Laurion Capital Management LP acquired a new position in shares of Vista Outdoor in the third quarter worth $196,000. 95.27% of the stock is owned by institutional investors.

VSTO stock traded up $0.03 during midday trading on Monday, hitting $8.14. 1,443,958 shares of the stock were exchanged, compared to its average volume of 575,753. The stock has a market cap of $455.45 million, a PE ratio of 16.28 and a beta of 0.07. Vista Outdoor has a fifty-two week low of $7.87 and a fifty-two week high of $19.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.78 and a current ratio of 2.95.

Vista Outdoor Company Profile

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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