FBI reports 3.44M NICS firearm background checks in February » 11:2603/0303/03/21
RGR, VSTO, SWBI
The FBI reported that…
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|Over a week ago|
Smith and Wesson call volume above normal and directionally bullish » 11:2502/1802/18/21
Bullish option flow…
Bullish option flow detected in Smith and Wesson with 23,854 calls trading, 11x expected, and implied vol increasing over 13 points to 96.83%. Mar-21 22.5 calls and Mar-21 17.5 calls are the most active options, with total volume in those strikes near 17,800 contracts. The Put/Call Ratio is 0.06. Earnings are expected on March 4th.
Vista Outdoor price target raised to $43 from $36 at Lake Street » 08:5702/0502/05/21
Lake Street analyst Mark…
Lake Street analyst Mark Smith raised the firm's price target on Vista Outdoor to $43 from $36 and keeps a Buy rating on the shares after the company reported Q3 results that beat consensus on both the top and bottom-lines and gave 4Q guidance that was above his estimates and consensus. The company's backlog should allow for strong results throughout 2021, said Smith.
Vista Outdoor price target raised to $41 from $39 at B. Riley Securities » 08:5202/0502/05/21
B. Riley Securities…
B. Riley Securities analyst Eric Wold raised the firm's price target on Vista Outdoor to $41 from $39 and reiterates a Buy rating on the shares following the company's "beat and raise" Q3 results. The analyst continues to see an "attractive set-up for baseline growth" that will be complemented by the Remington acquisition and other tuck-in acquisitions.
Johnson Outdoors reports Q1 EPS $1.96, consensus 89c » 06:0602/0502/05/21
Reports Q1 revenue…
Reports Q1 revenue $165.7M, consensus $145.36M. "Strong demand in the Company's Fishing, Camping and Watercraft Recreation businesses delivered an unprecedented first fiscal quarter. Diving continues to be impacted by travel restrictions, but will benefit from our ongoing efforts to ensure the SCUBAPRO(R) brand is well-positioned when travel returns," said Helen Johnson-Leipold, Chairman and Chief Executive Officer. "Indications are that people's eagerness to get outdoors will continue through the season, but the COVID-19 pandemic still brings uncertainty. We're focused on working hard to keep pace with demand and leveraging our market-leading brands and innovation to maximize the heightened interest in outdoor recreation."
Vista Outdoor sees Q4 EPS 55c-65c, consensus 45c » 05:0702/0402/04/21
Sees Q4 revenue…
Sees Q4 revenue $510M-$530M, consensus $502.39M. "The growth of our free cash flow fuels our ability to accelerate our innovation pipeline and brand leadership, invest in our centers of excellence and generate growth through thoughtful, aligned tuck-in acquisitions," said Sudhanshu Priyadarshi, CFO of Vista Outdoor. "We believe this approach strikes the right balance between profitable growth and fiscal discipline. Further, we intend to maintain a long term 1-2 times leverage ratio."
Vista Outdoor reports Q3 adjusted. EPS $1.03, consensus 65c » 05:0502/0402/04/21
Reports Q3 revenue…
Reports Q3 revenue $574.68M, consensus $520.13M. Cash flow provided by operating activities was $307M, compared with cash provided of $63M in the prior-year period. Free cash flow generation was $294M, compared with a use of cash of $46M in the prior-year. "Continued strength in outdoor recreation markets, combined with our ongoing focus on execution excellence, resulted in strong top and bottom-line growth across the entire company," said Vista Outdoor CEO Chris Metz. "Strong outdoor participation trends that began in the early days of COVID lockdowns have continued into calendar 2021 and do not appear to be slowing down. Our integration of the Remington brand is ahead of schedule and delivered better than expected performance in the quarter. This week we successfully completed a tuck-in acquisition of Hevi-Shot Ammunition, which will immediately add a high-end offering, specialized lead-free ammunition capabilities and another iconic brand to our ammunition portfolio. Looking ahead, our focus will remain on employee safety, compliance with COVID protocols and doing our part to fulfill our critical duties and outfitting our consumers for their next adventure."
Smith and Wesson put volume heavy and directionally bearish » 10:5502/0302/03/21
Bearish flow noted in…
Bearish flow noted in Smith and Wesson with 1,609 puts trading, or 1.4x expected. Most active are Mar-21 15 puts and Feb-21 22.5 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.84, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 4th.
|Over a month ago|
Clarus sees 2020 revenue approx. $233M, consensus $216.51M » 08:3602/0102/01/21
Adjusted EBITDA in 2020…
Adjusted EBITDA in 2020 is expected to be approximately $22M compared to $22.7M in 2019. "Today's preliminary results demonstrate the continued strength of our well-diversified brand portfolio," said John Walbrecht, Clarus' president. "Our sales growth, which we expect to flow through to adjusted EBITDA growth at an even higher rate, is a testament to the success and resilience of our 'super fan' brand strategy. Barnes, in particular, has outperformed our expectations in its first few months on our platform. As we continue the integration process, we remain confident in our ability to leverage Barnes' industry-leading technology and product innovation to drive growth and build a leading specialty premium bullet and ammunition platform. In our Black Diamond business, our commitment to preserving brand equity as we execute on our 'innovate & accelerate' playbook has allowed us to adeptly navigate a dynamic retail environment. I am proud of our team's dedication and flexibility throughout the past year, and we will continue working to maximize the profitability of our brands and the value we create for our shareholders."
Clarus sees Q4 revenue approx. $75M, consensus $68.53M » 08:3502/0102/01/21
Adjusted EBITDA in the…
Adjusted EBITDA in the fourth quarter of 2020 is expected to be approximately $10.5M, a 50% increase compared to $7M in the fourth quarter of 2019.