Jefferies Financial Group Weighs in on Vista Outdoor Inc.’s Q2 2023 Earnings (NYSE:VSTO)

Vista Outdoor Inc. (NYSE:VSTOGet Rating) – Jefferies Financial Group issued their Q2 2023 earnings estimates for Vista Outdoor in a note issued to investors on Tuesday, September 20th. Jefferies Financial Group analyst A. Glaessgen forecasts that the company will post earnings per share of $1.73 for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $26.00 target price on the stock. The consensus estimate for Vista Outdoor’s current full-year earnings is $7.16 per share. Jefferies Financial Group also issued estimates for Vista Outdoor’s Q3 2023 earnings at $1.52 EPS, Q4 2023 earnings at $1.35 EPS, FY2023 earnings at $6.90 EPS, Q1 2024 earnings at $2.02 EPS, Q2 2024 earnings at $1.56 EPS, Q3 2024 earnings at $1.19 EPS, Q4 2024 earnings at $1.08 EPS and FY2024 earnings at $5.85 EPS.

Vista Outdoor (NYSE:VSTOGet Rating) last announced its earnings results on Wednesday, July 27th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.39. The business had revenue of $802.61 million for the quarter, compared to analyst estimates of $785.03 million. Vista Outdoor had a net margin of 15.59% and a return on equity of 47.97%.

A number of other equities analysts have also issued reports on the stock. Roth Capital lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $53.00 to $32.00 in a research report on Tuesday, July 26th. KeyCorp downgraded Vista Outdoor to a “sector weight” rating in a report on Tuesday, July 19th. B. Riley decreased their price target on Vista Outdoor from $78.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. MKM Partners began coverage on Vista Outdoor in a report on Wednesday, July 13th. They set a “buy” rating and a $54.00 price target for the company. Finally, Lake Street Capital decreased their price target on Vista Outdoor from $63.00 to $53.00 in a report on Friday, July 29th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Vista Outdoor has an average rating of “Moderate Buy” and a consensus price target of $50.38.

Vista Outdoor Stock Performance

Shares of VSTO opened at $26.29 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.49 billion, a PE ratio of 3.11 and a beta of 0.71. The company’s 50 day simple moving average is $29.17 and its 200-day simple moving average is $33.08. Vista Outdoor has a 12-month low of $25.68 and a 12-month high of $52.69.

Institutional Investors Weigh In On Vista Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC lifted its holdings in Vista Outdoor by 164.4% in the first quarter. Kestra Advisory Services LLC now owns 78,858 shares of the company’s stock valued at $2,814,000 after acquiring an additional 49,030 shares during the period. American Century Companies Inc. lifted its holdings in Vista Outdoor by 28.1% in the first quarter. American Century Companies Inc. now owns 288,885 shares of the company’s stock valued at $10,310,000 after acquiring an additional 63,449 shares during the period. Purus Wealth Management LLC lifted its holdings in Vista Outdoor by 13.0% in the first quarter. Purus Wealth Management LLC now owns 8,589 shares of the company’s stock valued at $307,000 after acquiring an additional 989 shares during the period. Capital Management Corp VA increased its position in shares of Vista Outdoor by 261.2% in the first quarter. Capital Management Corp VA now owns 159,001 shares of the company’s stock valued at $5,675,000 after buying an additional 114,976 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its position in shares of Vista Outdoor by 7.2% in the fourth quarter. Belpointe Asset Management LLC now owns 38,602 shares of the company’s stock valued at $1,779,000 after buying an additional 2,591 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

About Vista Outdoor

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Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets 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 that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.

See Also

Earnings History and Estimates for Vista Outdoor (NYSE:VSTO)

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