Vista Outdoor Inc (VSTO) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.63 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.61. The company posted revenue of $612.00 million in the period, compared to analysts expectations of $588.77 million. The company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Vista Outdoor Inc. Company shares were Reiterated by Wunderlich on Feb 26, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $57 .DA Davidson Initiated Vista Outdoor Inc on Feb 18, 2016 to “Buy”, Price Target of the shares are set at $58.
Vista Outdoor Inc opened for trading at $47.78 and hit $48.78 on the upside on Tuesday, eventually ending the session at $48.09, with a gain of 1.16% or 0.55 points. The heightened volatility saw the trading volume jump to 7,79,403 shares. Company has a market cap of $2,939 M.
In a different news, on Nov 18, 2015, Michael Callahan (director) purchased 1,300 shares at $42.56 per share price. According to the SEC, on Sep 1, 2015, Mark A. Gottfredson (director) purchased 3,715 shares at $46.70 per share price. On Aug 26, 2015, Robert M Tarola (director) purchased 1,000 shares at $44.30 per share price, according to the Form-4 filing with the securities and exchange commission.
Vista Outdoor Inc. is a designer manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates in two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment’s products include pistol rifle rimfire and shotshell ammunition and primers centerfire rifles rimfire rifles shotguns and range systems. Its Outdoor Products segment’s product lines include optics accessories and eyewear. It serves the outdoor sports and recreation markets through a diverse portfolio of over 30 brands that provide consumers with a range of products including sporting ammunition and firearms outdoor accessories outdoor sports optics golf rangefinders and performance eyewear. It serves a range of end consumers including outdoor enthusiasts hunters and recreational shooters athletes as well as law enforcement and military professionals. Its products are sold through a variety of mass specialty and independent retailers.