Vista Outdoor (NYSE:VSTO) Announces Earnings Results, Beats Estimates By $0.11 EPS

Vista Outdoor (NYSE:VSTO) issued its quarterly earnings data on Wednesday. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11, Briefing.com reports. The firm had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.96%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share.

Vista Outdoor Trading Down 0.1 %

Shares of Vista Outdoor stock opened at $44.10 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -245.00 and a beta of 0.79. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 12-month low of $24.30 and a 12-month high of $44.48. The firm’s 50-day moving average price is $41.69 and its two-hundred day moving average price is $38.44.

Analyst Ratings Changes

A number of research analysts recently issued reports on VSTO shares. StockNews.com started coverage on shares of Vista Outdoor in a report on Thursday. They set a “buy” rating for the company. Lake Street Capital upped their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Monday, July 15th. B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a report on Thursday, September 19th. Finally, Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.20.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.