Vista Outdoor (NYSE:VSTO) Releases Earnings Results, Beats Expectations 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 analysts’ consensus estimates of $0.99 by $0.03, Briefing.com reports. The company had revenue of $693.67 million for the quarter, compared to analysts’ expectations of $701.43 million. Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. Vista Outdoor’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $1.08 earnings per share. 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 Trading Down 2.5 %

Shares of VSTO traded down $0.89 during mid-day trading on Friday, hitting $35.23. 50,587 shares of the company’s stock traded hands, compared to its average volume of 503,215. The firm has a market capitalization of $2.05 billion, a P/E ratio of -6.04 and a beta of 0.93. The business’s 50-day moving average price is $33.26 and its 200-day moving average price is $29.89. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $36.37. 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 equities analysts have recently issued reports on VSTO shares. Lake Street Capital lowered Vista Outdoor from a “buy” rating to a “hold” rating and lifted their price target for the company from $33.00 to $37.00 in a research note on Friday. Monness Crespi & Hardt boosted their target price on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm upgraded 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 research note on Thursday, April 4th. Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Tuesday. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

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.