Vista Outdoor Announces FY19 Second Quarter Operating Results
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Vista Outdoor (VSTO) PT Lowered to $16 at Cowen
November 5, 2018 12:14 PM ESTCowen analyst Gautam Khanna lowered the price target on Vista Outdoor (NYSE: VSTO) to $16.00 (from $18.00) while maintaining a Market Perform rating.
Khanna noes the debt paydown efforts are progressing, but a difficult demand and competitive backdrop in the firearms/ammo market keep them on the sidelines.
... MoreVista Outdoor (VSTO) Tops Q2 EPS by 3c, Revenues Beat; Offers FY18 EPS/Revenue Outlook
November 1, 2018 7:10 AM EDTVista Outdoor (NYSE: VSTO) reported Q2 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $547 million versus the consensus estimate of $541.2 million.
Sales were $547 million, down 7 percent from the prior-year quarter.Gross profit was $109 million, down 22 percent from the prior-year quarter.Operating expenses were $128 million, compared to $266 million in the prior-year quarter. Adjusted operating expenses were $94... More