Vista Outdoor (NYSE:VSTO) Issues Earnings Results, Beats Expectations By $0.04 EPS

Vista Outdoor (NYSE:VSTO) posted its earnings results on Monday. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04, Zacks reports. The business had revenue of $644.18 million for the quarter, compared to analysts’ expectations of $664.05 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Vista Outdoor updated its FY25 guidance to $3.60-4.50 EPS.

Vista Outdoor Stock Up 0.1 %

Vista Outdoor stock traded up $0.03 during mid-day trading on Tuesday, reaching $38.40. The company’s stock had a trading volume of 865,998 shares, compared to its average volume of 552,549. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -352.36 and a beta of 0.86. Vista Outdoor has a 12 month low of $23.33 and a 12 month high of $41.11. The business’s 50 day simple moving average is $36.72 and its 200 day simple moving average is $33.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VSTO. Aegis reaffirmed a “hold” rating and set a $40.00 price objective on shares of Vista Outdoor in a research note on Tuesday. StockNews.com began coverage on shares of Vista Outdoor in a report on Saturday. They issued a “buy” rating on the stock. Roth Mkm increased their price objective on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Lake Street Capital increased their price objective 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. Finally, Monness Crespi & Hardt increased their price objective on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Vista Outdoor has a consensus rating of “Moderate Buy” and an average price target of $40.75.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.