Vista Outdoor Inc. (VSTO) Issues FY18 Earnings Guidance

The Vista Outdoor boardroom where all the important company decisions are made allegedly

The Vista Outdoor boardroom where all the important company decisions are made allegedly

Louisiana State Employees Retirement System continued to hold its position in shares of Vista Outdoor Inc. (NYSE:VSTO) during the first quarter, according to its most recent disclosure with the SEC. The SI to Vista Outdoor Incorporated's float is 15.27%.

Vista Sport's Shooting Sports division saw a 18.7 percent decline in the quarter, with sales totaling $279 million, down from $343 million previous year. The company issued revenue guidance of $2.36-2.42 billion, compared to the consensus revenue estimate of $2.40 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.48 billion per share, with estimates ranging from $2.47 billion to $2.49 billion. Three analysts surveyed by Zacks expected $553 million.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, August 10th.

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Economists polled by MarketWatch are forecasting a 0.2% monthly rise for both measures, after flat reading the prior month. United States trading volume has been low with summer setting in and Congress expected to be in recess until September 5.

As of the last earnings report the EPS was $-4.66 and is expected to be $1.23 for the current year with 57,022,000 shares now outstanding. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The business's revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 EPS.

As of quarter end New York State Teachers Retirement System had disposed of a total of 9,600 shares trimming its stake by 9.7%.

VSTO has been the topic of several other reports. Zacks Investment Research raised shares of Vista Outdoor from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 19th. BidaskClub lowered shares of Vista Outdoor from a "hold" rating to a "sell" rating in a research note on Thursday, July 27th. Roth Capital set a $20.00 price target on shares of Vista Outdoor and gave the stock a "hold" rating in a report on Saturday, May 13th. Finally, Cowen and Company reaffirmed a "market perform" rating and set a $26.00 price target (up from $18.00) on shares of Vista Outdoor in a report on Wednesday, May 17th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. They now have a United States dollars 31 price target on the stock.

The Freeport-McMoran, Inc. (FCX) Stock Rating Reaffirmed by Jefferies Group LLC
Acrospire Investment Management LLC purchased a new position in Freeport-McMoran during the first quarter valued at $122,000. It dived, as 61 investors sold FCX shares while 223 reduced holdings. 44 funds opened positions while 56 raised stakes.

A number of other large investors have also recently added to or reduced their stakes in the stock. The original version of this report can be accessed at https://www.com-unik.info/2017/08/12/kcg-holdings-inc-takes-position-in-vista-outdoor-inc-vsto-updated-updated-updated.html. Oxford Asset Management now owns 418,476 shares of the company's stock valued at $8,616,000 after buying an additional 380,675 shares in the last quarter. As of quarter end Tiaa Cref Investment Management LLC had disposed of a total of 34,281 shares trimming its position 18.2%. Principal Financial Group Inc. now owns 433,655 shares of the company's stock valued at $8,929,000 after buying an additional 197,416 shares in the last quarter. Trading volume was up 1,120.76% over the stocks average daily volume. Texas Permanent School Fund raised its position in shares of Vista Outdoor by 0.8% in the second quarter. UBS Group AG now owns 95,397 shares of the company's stock valued at $1,964,000 after buying an additional 59,893 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Vista Outdoor by 168.7% in the first quarter. Creative Planning now owns 13,998 shares of the company's stock valued at $288,000 after buying an additional 1,242 shares in the last quarter.

Pandora Media Inc (NYSE:P) shares traded on -6.55% down secure line and closed at $7.99. In the past 3-month period alone, shares of VSTO have appreciated +1.32 - or +6.43%. The company has market cap of $1.34 billion. Vista Outdoor has a 52 week low of $18.32 and a 52 week high of $52.08. Shares are trading at $23.37 which is just over the 50 day moving average which is $22.72 and a great deal higher than the 200 day moving average of $21.86.

COPYRIGHT VIOLATION WARNING: "Brokerages Expect Vista Outdoor Inc". Prudential Financial Inc. now owns 96,198 shares of the company's stock valued at $2,165,000 after buying an additional 564 shares during the last quarter. If you are viewing this report on another website, it was illegally copied and republished in violation of USA and global copyright & trademark laws.

UN Celebrates International Youth Day
"As Secretary-General of the United Nations, I am committed to the empowerment and inclusion of every young person around the world", he added.

Insider Trading Activity for Vista Outdoor Inc. The Firm operates through two divisions: Shooting Sports and Outdoor Products. If you are reading this article on another domain, it was stolen and republished in violation of United States and global copyright and trademark law.

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