Vista Outdoor (NYSE:VSTO) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.10-0.25 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $1.75-1.85 billion, compared to the consensus revenue estimate of $1.83 billion.
Shares of VSTO stock opened at $6.51 on Thursday. The company’s fifty day simple moving average is $5.81 and its two-hundred day simple moving average is $7.87. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 1.82. Vista Outdoor has a 1 year low of $4.30 and a 1 year high of $18.29. The stock has a market capitalization of $310.71 million, a price-to-earnings ratio of 46.50 and a beta of 0.42.
Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). Vista Outdoor had a negative net margin of 30.80% and a positive return on equity of 0.48%. The business had revenue of $459.77 million for the quarter, compared to the consensus estimate of $471.41 million. Vista Outdoor’s revenue for the quarter was down 13.1% on a year-over-year basis. Equities research analysts anticipate that Vista Outdoor will post 0.13 EPS for the current year.
VSTO has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Vista Outdoor from a hold rating to a strong sell rating in a report on Thursday, May 16th. ValuEngine raised shares of Vista Outdoor from a sell rating to a hold rating in a report on Thursday, August 1st. B. Riley set a $11.00 price target on shares of Vista Outdoor and gave the company a buy rating in a research report on Wednesday, September 4th. Lake Street Capital assumed coverage on shares of Vista Outdoor in a research report on Tuesday, July 9th. They set a buy rating and a $11.00 price target for the company. Finally, Cowen restated a hold rating and set a $5.00 price target on shares of Vista Outdoor in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $11.20.
In other news, CEO Christopher T. Metz purchased 33,730 shares of Vista Outdoor stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $4.46 per share, for a total transaction of $150,435.80. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Miguel A. Lopez purchased 10,000 shares of Vista Outdoor stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of $4.81 per share, with a total value of $48,100.00. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.
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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