Vista Outdoor (NYSE:VSTO) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $0.10-0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $1.79-1.89 billion, compared to the consensus revenue estimate of $1.85 billion.Vista Outdoor also updated its FY20 guidance to $0.10-0.25 EPS.
Shares of NYSE:VSTO traded down $0.47 on Friday, reaching $5.33. The company had a trading volume of 1,452,392 shares, compared to its average volume of 671,635. Vista Outdoor has a 52-week low of $5.05 and a 52-week high of $19.21. The business has a 50 day moving average of $7.94. The firm has a market capitalization of $334.81 million, a price-to-earnings ratio of 82.86 and a beta of 0.35. The company has a quick ratio of 1.88, a current ratio of 2.96 and a debt-to-equity ratio of 1.37.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $459.77 million for the quarter, compared to analysts’ expectations of $471.41 million. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. As a group, equities analysts expect that Vista Outdoor will post 0.23 EPS for the current year.
Several brokerages recently weighed in on VSTO. B. Riley set a $13.00 target price on Vista Outdoor and gave the stock a buy rating in a research note on Monday, July 8th. Cowen restated a hold rating and set a $12.00 target price on shares of Vista Outdoor in a research note on Thursday, May 9th. Zacks Investment Research downgraded Vista Outdoor from a hold rating to a strong sell rating in a research note on Thursday, May 16th. ValuEngine upgraded Vista Outdoor from a sell rating to a hold rating in a research note on Thursday, August 1st. Finally, Lake Street Capital began coverage on Vista Outdoor in a research note on Tuesday, July 9th. They set a buy rating and a $11.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $14.00.
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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