Vista Outdoor (NYSE:VSTO) Announces Earnings Results

Vista Outdoor (NYSE:VSTO) posted its earnings results on Wednesday. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.92 by $0.11, Briefing.com reports. The firm had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share.

Vista Outdoor Trading Up 0.1 %

Shares of NYSE VSTO traded up $0.04 during midday trading on Thursday, reaching $44.25. The stock had a trading volume of 456,763 shares, compared to its average volume of 592,460. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -340.08 and a beta of 0.79. Vista Outdoor has a twelve month low of $24.30 and a twelve month high of $44.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. The company’s 50 day moving average price is $41.52 and its 200 day moving average price is $38.33.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Thursday, September 19th. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Lake Street Capital lifted their target price on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 15th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Finally, StockNews.com started coverage on Vista Outdoor in a research note on Thursday. They issued a “buy” rating on the stock. 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 company. According to data from MarketBeat, Vista Outdoor presently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Company Profile

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.