Vista Outdoor (NYSE:VSTO) Announces Quarterly 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 company had revenue of $665.92 million for 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 firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share.

Vista Outdoor Price Performance

NYSE:VSTO traded up $0.04 during trading hours on Thursday, hitting $44.25. The company’s stock had a trading volume of 456,763 shares, compared to its average volume of 592,460. The company has a market capitalization of $2.58 billion, a P/E ratio of -340.08 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. Vista Outdoor has a twelve month low of $24.30 and a twelve month high of $44.48. The stock has a fifty day simple moving average of $41.52 and a 200-day simple moving average of $38.33.

Analysts Set New Price Targets

VSTO has been the subject of several recent research reports. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Aegis upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Thursday, September 19th. Lake Street Capital increased their price objective on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Finally, B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vista Outdoor presently has an average rating of “Hold” and a consensus price target 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.