Vista Outdoor Inc. (NYSE:VSTO – Get Rating) – Analysts at Jefferies Financial Group issued their Q2 2023 EPS estimates for shares of Vista Outdoor in a report issued on Tuesday, September 20th. Jefferies Financial Group analyst A. Glaessgen anticipates that the company will post earnings of $1.73 per share for the quarter. Jefferies Financial Group currently has a "Hold" rating and a $26.00 price target on the stock. The consensus estimate for Vista Outdoor's current full-year earnings is $7.16 per share. Jefferies Financial Group also issued estimates for Vista Outdoor's Q3 2023 earnings at $1.52 EPS, Q4 2023 earnings at $1.35 EPS, FY2023 earnings at $6.90 EPS, Q1 2024 earnings at $2.02 EPS, Q2 2024 earnings at $1.56 EPS, Q3 2024 earnings at $1.19 EPS, Q4 2024 earnings at $1.08 EPS and FY2024 earnings at $5.85 EPS.
Get Vista Outdoor alerts:Vista Outdoor (NYSE:VSTO – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.92 by $0.39. The company had revenue of $802.61 million during the quarter, compared to analyst estimates of $785.03 million. Vista Outdoor had a net margin of 15.59% and a return on equity of 47.97%.
Several other equities research analysts have also commented on VSTO. Roth Capital lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating and cut their price target for the stock from $53.00 to $32.00 in a report on Tuesday, July 26th. StockNews.com lowered shares of Vista Outdoor from a "buy" rating to a "hold" rating in a report on Tuesday. B. Riley dropped their target price on shares of Vista Outdoor from $78.00 to $51.00 and set a "buy" rating for the company in a report on Tuesday, June 21st. KeyCorp lowered shares of Vista Outdoor to a "sector weight" rating in a report on Tuesday, July 19th. Finally, MKM Partners assumed coverage on shares of Vista Outdoor in a report on Wednesday, July 13th. They set a "buy" rating and a $54.00 target price for the company. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $50.38.Vista Outdoor Price Performance
Shares of NYSE VSTO opened at $26.29 on Wednesday. The firm has a market cap of $1.49 billion, a PE ratio of 3.11 and a beta of 0.71. The firm has a fifty day moving average of $29.17 and a 200 day moving average of $33.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 2.81. Vista Outdoor has a one year low of $25.68 and a one year high of $52.69.
Institutional Investors Weigh In On Vista Outdoor
A number of hedge funds have recently modified their holdings of VSTO. CoreCap Advisors LLC purchased a new stake in shares of Vista Outdoor in the second quarter valued at about $27,000. Counterpoint Mutual Funds LLC grew its holdings in shares of Vista Outdoor by 262.8% in the first quarter. Counterpoint Mutual Funds LLC now owns 2,416 shares of the company's stock valued at $86,000 after purchasing an additional 1,750 shares during the period. Islay Capital Management LLC grew its holdings in shares of Vista Outdoor by 27.1% in the second quarter. Islay Capital Management LLC now owns 3,280 shares of the company's stock valued at $92,000 after purchasing an additional 700 shares during the period. Point72 Hong Kong Ltd grew its holdings in shares of Vista Outdoor by 1,313.0% in the first quarter. Point72 Hong Kong Ltd now owns 2,925 shares of the company's stock valued at $104,000 after purchasing an additional 2,718 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Vista Outdoor in the second quarter valued at about $117,000. Hedge funds and other institutional investors own 86.83% of the company's stock.
About Vista Outdoor
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Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets 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 that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.
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