Vista Outdoor Inc (VSTO) is Downgraded by Monness Crespi & Hardt to Neutral

Vista Outdoor Inc (VSTO) was Downgraded by Monness Crespi & Hardt to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Monness Crespi & Hardt advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on Vista Outdoor Inc. Vista Outdoor Inc was Initiated by ROTH Capital to “Buy” on Jun 15, 2016.

On the company’s financial health, Vista Outdoor Inc reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Aug 11, 2016. Analyst had a consensus of $0.69. The company had revenue of $630.27 million for the quarter, compared to analysts expectations of $674.68 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Vista Outdoor Inc opened for trading at $51.6 and hit $51.85 on the upside on Monday, eventually ending the session at $51.8, with a gain of 0.43% or 0.22 points. The heightened volatility saw the trading volume jump to 2,31,088 shares. Company has a market cap of $3,146 M.

In a different news, on May 23, 2016, Gary L Mcarthur (director) purchased 3,156 shares at $47.49 per share price. According to the SEC, on Nov 18, 2015, Michael Callahan (director) purchased 1,300 shares at $42.56 per share price. On Sep 1, 2015, Mark A. Gottfredson (director) purchased 3,715 shares at $46.70 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.

Vista Outdoor Inc

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