What is the upside potential for Vista Outdoor Inc. (NYSE:VSTO)?
- Author: Arturo Norris Feb 11, 2017,
Feb 11, 2017, 16:37
The difference in the current-year rate was primarily caused by the non-deductible treatment of the goodwill impairment charge noted above.
Several equities research analysts recently weighed in on the stock. DA Davidson reiterated a "buy" rating and set a $35.00 target price on shares of Vista Outdoor in a research note on Tuesday, January 31st. Zacks Investment Research downgraded Vista Outdoor from a "hold" rating to a "strong sell" rating in a research note on Wednesday, January 25th. Wunderlich cut their target price on shares of Vista Outdoor from $60.00 to $52.00 and set a buy rating on the stock in a research note on Monday, November 7th. Vista Outdoor Inc was Downgraded by ROTH Capital to Neutral on Jan 12, 2017. The analyst recommendations from a month ago are 14 Buy, 1 Overweight, 0 Sell, 2 Hold and 0 Underweight. The most optimistic analyst sees the stock reaching $45.00 while the most conventional predicts the target price at $26.00.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, February 9th. The share price has moved backward from its 20 days moving average, trading at a distance of -25.61% and stays -39.12% away from its 50 days moving average. The Closing price of Vista Outdoor Inc.
Earnings surprise history: Last quarter, the company posted approximately $684.31 million in revenue and EPS of $0.74. Vista Outdoor had a return on equity of 9.36% and a net margin of 7.26%. The company had revenue of $653.60 million for the quarter, compared to analysts expectations of $676.61 million. The estimated EPS for the current quarter is said to be $0.58. Thursday declared 0.3 percent decline in January traffic to 17.036 billion revenue passenger miles from 17.082 billion a year ago.
Vista Outdoor Inc. (VSTO) is in CL King's research list so their analyst rating change is noteworthy.
"ILLEGAL ACTIVITY WARNING: "[[title]]" was originally reported by [[site]] and is the sole property of of [[site]]. If you are accessing this report on another site, it was stolen and republished in violation of United States & global trademark & copyright legislation. The 52-week high of Vista Outdoor Inc. Dimensional Fund Advisors LP now owns 2,448,586 shares of the company's stock worth $90,353,000 after buying an additional 52,296 shares in the last quarter. Metropolitan Life Insurance Co. (NYSE:VSTO) reported its Actual EPS of $0.74/share. The Average Volume for the stock is measured as 1.2 Million. New York State Teachers Retirement System now owns 83,628 shares of the company's stock worth $3,992,000 after buying an additional 5,700 shares in the last quarter. Redwood Investments LLC purchased a new stake in shares of Vista Outdoor during the second quarter worth about $2,662,000.
Additionally, the negative currency translation impact on its gross margins in its global wholesale and worldwide Company-owned retail businesses for the fourth quarter was $18.4 million.
A class action complaint has been filed in the United States District Court for the District of Utah against Vista Outdoor and certain officers and directors on behalf of persons or entities that acquired Vista Outdoor's securities between August 11, 2016 and January 13, 2017, inclusive (the "Class") alleging violations of the Securities Exchange Act of 1934 ("Exchange Act").
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and global markets.