Vista Outdoor (NYSE:VSTO) Issues Earnings Results, Beats Expectations By $0.04 EPS

Vista Outdoor (NYSE:VSTO) issued its earnings results on Monday. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04, Zacks reports. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The business had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. During the same period in the previous year, the company posted $1.12 EPS. 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 Stock Performance

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Roth Mkm boosted their target price on Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Aegis reaffirmed 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 price target on Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 10th. StockNews.com assumed coverage on Vista Outdoor in a research note on Saturday. They set a “buy” rating for the company. Finally, Lake Street Capital lifted their price target on Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.