Vista Outdoor (NYSE:VSTO) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Vista Outdoor (NYSE:VSTO) issued its quarterly earnings results on Wednesday. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.99 by $0.03, Briefing.com reports. Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. The firm had revenue of $693.67 million during the quarter, compared to analyst estimates of $701.43 million. During the same quarter in the prior year, the business posted $1.08 earnings per share. Vista Outdoor’s revenue for the quarter was down 6.4% compared to the same quarter last year. Vista Outdoor updated its FY25 guidance to $3.60-4.50 EPS and its FY 2025 guidance to 3.600-4.500 EPS.

Vista Outdoor Stock Performance

Shares of NYSE:VSTO traded down $0.22 on Thursday, reaching $35.45. 186,148 shares of the company’s stock were exchanged, compared to its average volume of 502,912. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -5.96 and a beta of 0.93. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $36.37. The business’s 50-day moving average is $33.16 and its two-hundred day moving average is $29.85. The company has a quick ratio of 1.09, a current ratio of 2.58 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

Several research firms have recently issued reports on VSTO. Monness Crespi & Hardt increased their price objective on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. StockNews.com assumed coverage on shares of Vista Outdoor in a research report on Tuesday. They issued a “buy” rating for the company. Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. Finally, Roth Mkm raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and raised their price target for the company from $31.00 to $38.00 in a report on Thursday, April 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $34.67.

About Vista Outdoor

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.