Vista Outdoor (NYSE:VSTO - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.11, Briefing.com reports. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. During the same quarter last year, the firm posted $0.96 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year.
Vista Outdoor Price Performance
NYSE VSTO traded down $0.08 during trading hours on Thursday, reaching $44.13. The company's stock had a trading volume of 1,045,627 shares, compared to its average volume of 595,312. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 1 year low of $24.30 and a 1 year high of $44.48. The firm's 50-day moving average price is $41.61 and its 200-day moving average price is $38.37. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of -339.46 and a beta of 0.79.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on VSTO shares. B. Riley lowered Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Roth Capital cut Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 19th. Lake Street Capital lifted their price objective on Vista Outdoor from $37.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, July 15th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a report on Monday, October 7th. Finally, Roth Mkm downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 price target on the stock. in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.20.
Read Our Latest Report on Vista Outdoor
About Vista Outdoor
(
Get Free Report)
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.
See Also
Before you consider Vista Outdoor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vista Outdoor wasn't on the list.
While Vista Outdoor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
