Vista Outdoor Inc. (NYSE:VSTO) Releases FY18 Earnings Guidance

Modesto Morganelli
Novembre 20, 2017

Currently Vista Outdoor Inc (NYSE:VSTO)'s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 0%. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Vista Outdoor's revenue was down 14.2% on a year-over-year basis. The original version of this piece can be viewed at https://www.truebluetribune.com/2017/11/18/zacks-brokerages-expect-vista-outdoor-inc-vsto-will-post-earnings-of-0-27-per-share.html.

A number of other hedge funds and other institutional investors have also modified their holdings of VSTO. BlackRock Inc. increased its position in Vista Outdoor by 16,839.6% during the 1st quarter. Walthausen & Co. LLC boosted its stake in shares of Vista Outdoor by 95.6% during the third quarter. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Vista Outdoor in the second quarter worth about $500,000. First Eagle Investment Management LLC now owns 5,523,517 shares of the company's stock valued at $124,334,000 after purchasing an additional 852,195 shares during the period. Reduces Position in Vista Outdoor Inc. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & global copyright legislation. Wall Street analysts covering the stock are projecting that the stock will reach $14.75 within the next 52-weeks. Zacks Investment Research raised shares of Vista Outdoor from a "strong sell" rating to a "hold" rating in a research report on Friday. Aegis restated a "hold" rating and set a $26.00 price target on shares of Vista Outdoor in a research note on Monday, August 21st. Zacks Investment Research lowered shares of Vista Outdoor from a "buy" rating to a "hold" rating in a research note on Wednesday, August 16th.

In terms of Buy, Sell or Hold recommendations, Vista Outdoor Inc (NYSE:VSTO) has analysts' mean recommendation of 2.8. The stock has a consensus rating of Hold and an average price target of $23.40.

In other Vista Outdoor news, Director Tig H. Krekel acquired 3,000 shares of the stock in a transaction dated Monday, November 13th. Following the completion of the transaction, the director now directly owns 7,684 shares of the company's stock, valued at $102,427.72.

Shares of Vista Outdoor Inc.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, November 9th. 1,203,786 shares of the company were exchanged, compared to its average volume of 1,324,439. Its book value per share for the most recent quarter is $22.32 while its price to book ratio for the same period is 0.64, as for as the company's cash per share for the most recent quarter is $0.94, however its price to cash per share ratio for the same period is 15.09.

Vista Outdoor Inc (NYSE:VSTO) 52-week high price stands at $41.29 and low price stands at $12.35, its price distance from 52-week high is -65.58% while its distance from 52-week low price is 15.01%. The stock has a market capitalization of $814.57 and a P/E ratio of 11.12.

Previously Vista Outdoor Inc (NYSE:VSTO) reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business had revenue of $587.00 million for the quarter, compared to analysts' expectations of $588.85 million. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.62 per share, with EPS estimates ranging from $1.38 to $2.00. Vista Outdoor reported earnings per share of $0.74 during the same quarter last year, which indicates a negative year-over-year growth rate of 63.5%.

Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and worldwide markets. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and global markets.

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