Vista Outdoor (NYSE:VSTO) Releases FY20 Earnings Guidance

Vista Outdoor (NYSE:VSTO) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.10 to $0.25 for the period, compared to the Thomson Reuters consensus estimate of $0.14. The company issued revenue guidance of $1.75 billion to $1.85 billion, compared to the consensus revenue estimate of $1.82 billion.

NYSE VSTO traded up $0.62 on Friday, hitting $9.67. 1,888,662 shares of the stock were exchanged, compared to its average volume of 637,294. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.82 and a current ratio of 2.96. The stock has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $7.30. The firm has a market capitalization of $404.28 million, a P/E ratio of 69.07 and a beta of 0.46. Vista Outdoor has a 52-week low of $4.30 and a 52-week high of $14.04.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.11). Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. The firm had revenue of $459.77 million for the quarter, compared to analysts’ expectations of $471.41 million. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. Sell-side analysts expect that Vista Outdoor will post 0.13 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the company. DA Davidson assumed coverage on Vista Outdoor in a research report on Friday, October 11th. They set a neutral rating and a $6.50 target price for the company. ValuEngine downgraded Vista Outdoor from a buy rating to a hold rating in a research report on Friday, November 1st. Cowen reiterated a hold rating and set a $5.00 target price on shares of Vista Outdoor in a research report on Monday, September 30th. Zacks Investment Research upgraded Vista Outdoor from a hold rating to a buy rating and set a $7.75 target price for the company in a research report on Friday. Finally, B. Riley set a $11.00 target price on Vista Outdoor and gave the stock a buy rating in a research report on Monday, September 30th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $8.88.

In other news, CFO Miguel A. Lopez acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of $4.81 per share, for a total transaction of $48,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher T. Metz acquired 33,730 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $4.46 per share, with a total value of $150,435.80. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

About Vista Outdoor

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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Earnings History and Estimates for Vista Outdoor (NYSE:VSTO)

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