Vista Outdoor (NYSE:VSTO) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Vista Outdoor (NYSE:VSTO) issued its earnings results on Monday. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04, Zacks reports. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The firm had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. During the same quarter last year, the company posted $1.12 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Vista Outdoor updated its FY25 guidance to $3.60-4.50 EPS.

Vista Outdoor Price Performance

Shares of NYSE:VSTO traded up $0.03 during midday trading on Tuesday, hitting $38.40. The company’s stock had a trading volume of 865,998 shares, compared to its average volume of 552,549. The business’s 50 day simple moving average is $36.72 and its 200 day simple moving average is $33.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79. The company has a market cap of $2.24 billion, a P/E ratio of -352.36 and a beta of 0.86. Vista Outdoor has a 12-month low of $23.33 and a 12-month high of $41.11.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VSTO. Aegis reiterated a “hold” rating and issued a $40.00 target price on shares of Vista Outdoor in a research report on Tuesday. Monness Crespi & Hardt lifted their target price on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Lake Street Capital lifted their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Roth Mkm lifted their target price on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, StockNews.com began coverage on shares of Vista Outdoor in a research report on Saturday. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.75.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. 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 for hunters, recreational shooters, federal and local law enforcement agencies, and military.