Grid Dynamics (GDYN) to join the S&P SmallCap 600, replacing Revelyst Inc. (NYSE: GEAR)

Grid Dynamics (GDYN) bean trading on the Nasdaq Stock Market on March 6, 2020 after business combination with ChaSerg Technology Acquisition Corp. (Nasdaq: CTAC)

• Sector: Technology
• Industry: Information Technology Services
• Full Time Employees: 4,298
• Founded in 2006 
• Headquartered in San Ramon, California
• https://www.griddynamics.com

 

 

 

Insider Trading: notable purchases (6/3/22)

Buyers:

1. BODY CEO & Chairman bought 588,800 shares at $2.08 - $2.33 worth ~ $1.3 mln.
   
2. CVNA VP, Gen. Counsel & Sec. bought 14,000 shares at $31.02 - $31.12 worth ~ $440K.
   
3. CYH Director bought 50,000 shares at $5.00 - $5.12 worth ~ $250K.
   
4. DKS Director bought 5,000 shares at $80.99 worth ~ $400K.
   
5. FIBK CEO bought 15,899 shares at $37.20 - $37.50 worth ~ $590K.
   
6. GLP General Partner bought 33,194 shares at $29.38 - $30.00 worth ~ $990K.
   
7. HRT Director bought 106,642 shares at $14.14 - $14.87 worth ~ $1.6 mln.
   
8. IOVA Directors and Interim CEO bought 1,038,500 shares at $6.43 - $6.84 worth ~ $6.9 mln.
   
9. MRSN Director bought 95,519 shares at $3.17 - $3.30 worth ~ $310K.
   
10. NGM Director bought 153,806 shares at $13.10 - $13.50 worth ~ $2.1 mln.
    
11. NRDY CEO bought 300,000 shares at $2.63 - $2.90 worth ~ $840K.
    
12. RMBL 10% Owner bought 30,000 shares at $15.91 worth ~ $480K.
    
13. SCOR CEO & Exec. Vice Chairman bought 600,000 shares at $1.74 - $1.95 worth ~ $1.2 mln.

Sellers:

1. DINO CFO sold 100,000 shares at $50.25 worth ~ $5.0 mln.
   
2. FLYW Director sold 166,587 shares at $19.34 - $19.41 worth ~ $3.2 mln.
   
3. LAZ President sold 70,000 shares at $35.13 - $35.64 worth ~ $2.5 mln.
   
4. PBF 10% Owner sold 758,000 shares at $33.91 - $34.63 worth ~ $26.0 mln.
   
5. RES Director sold 1,250,000 shares at $9.07 - $10.05 worth ~ $11.9 mln.
   
6. VSTO CEO sold 150,000 shares at $37.42 - $39.08 worth ~ $5.8 mln

• https://finviz.com/screener.ashx?v=211&t=VSTO,BODY,CVNA,CYH,DKS,IOVA,LAZ,PBF,RES,FIBK,GLP,HRT,MRSN,NGM,NRDY,RMBL,SCOR,DINO,FLYW&ta=0&o=-averagevolume

                  

Vista Outdoor (VSTO) reported earnings on Thur 8 Aug 2019 (b/o)

** charts 2nd day after earnings **

 

(Bloomberg) -- Vista Outdoor Inc. shares plunged 24% to a record low Thursday after the ammunition, long guns and related products manufacturer posted first-quarter results that missed expectations and cut its year forecast amid “unprecedented challenges.”

Management told investors it has now completed the first phase its turnaround plan, but that it continued to see “softness and challenges” in the markets it serves.

The quarterly earnings miss and the below-Street forecast cut for the year “signal continued difficulties, particularly at the shooting sports segment,” Cowen analyst Gautam Khanna wrote in a note ahead of the 9am conference call. Shooting sports is the largest segment by revenue contribution, according to Bloomberg data.

Shares are down more than 80% since their first day of trading in February 2015, when the company was spun off from Alliant Techsystems Inc.

Shooting sports wasn’t the only area of concern, however. Sales for the outdoor products group fell 7%, excluding the divested eyewear business, according to the analyst, who has a hold-equivalent rating on the shares. Segment results were hurt by soft hunting and shooting accessories markets and unfavorable weather conditions, he said, noting that sales in all product areas declined, including in: hunt and shoot (-7.5%), action sports (-5.3%), and outdoor recreation (-7.8%).

Vista’s full-year fiscal 2020 forecasts call for sales in a range of $1.79 billion to $1.89 billion, down from its prior view $1.94 billion to $2.03 billion. The updated sales target reflects the sale of its Savage Arms firearms brand, which was sold last month. Management also updated its earnings target to 10 to 25 cents per share, compared to its prior view of 28 to 38 cents. Khanna noted that proceeds from the Savage sale of around $170 million were less than originally expected.

Vista Outdoor (VSTO) reported earnings on Thur 1 Nov 2018 (b/o)

** charts after earnings **

 

Vista Outdoor beats by $0.02, reports revs in-line; raises bottom end of FY19 EPS; reaffirms FY19 rev guidance

Reports Q2 (Sep) earnings of $0.05 per share, excluding non-recurring items, $0.02 better thanthe S&P Capital IQ Consensus of $0.03; revenues fell 6.9% year/year to $546.6 mln vs the $541.2 mln S&P Capital IQ Consensus.

Co issues in-line guidancefor FY19, sees EPS of $0.20-0.35 from $0.15-0.35, excluding non-recurring items, vs. $0.26 S&P Capital IQ Consensus; reaffirms FY19 revs of $2.10-2.16 bln vs. $2.13 bln S&P Capital IQ Consensus.

Vista Outdoor (VSTO) reported earnings on Thur 9 Aug 2018 (b/o)

** charts after earnings **

 

Vista Outdoor beats by $0.11, misses on revs; guides FY19 EPS in-line, revs below consensus 

• Reports Q1 (Jun) net of breakeven, excluding non-recurring items, $0.11 better thanthe Capital IQ Consensus of ($0.11); revenues fell 7.0% year/year to $528.84 mln vs the $542.54 mln Capital IQ Consensus.
• Co issues guidancefor FY19, sees EPS of $0.15-0.35, excluding non-recurring items, vs. $0.22 Capital IQ Consensus Estimate; sees FY19 revs of $2.1-2.16 bln vs. $2.25 bln Capital IQ Consensus Estimate.
  • Capital expenditures of approximately $60 million
  • Free cash flow in a range of $70 million to $100 million, compared to previous free cash flow guidance in a range of $55 million to $85 million
  • The company also expects FY19 EBITDA margins in a range of approximately 7.5 percent to 8 percent.

Vista Outdoor (VSTO) reported earnings on Tue 1 May 2018 (b/o)

** charts after earnings **

 

Vista Outdoor misses by $0.07, beats on revs; guides FY19 EPS below consensus, revs below consensus; announces strategic business transformation plan  

• Reports Q4 (Mar) loss of $0.22 per share, $0.07 worse than the Capital IQ Consensus of ($0.15); revenues fell 1.3% year/year to $571.2 mln vs the $519.41 mln Capital IQ Consensus.
• Co issues downside guidance for FY19, sees EPS of $0.10-0.30 vs. $0.87 Capital IQ Consensus Estimate; sees FY19 revs of 2.205-2.265 vs. $2.27 bln Capital IQ Consensus Estimate.
• Co's Commentary on Outlook for Fiscal Year 2019
  • "Fiscal Year 2019 will be an inflection point for our business, and our financial guidance reflects this reality. Increased commodity costs and lower volume will pressure both segments in the first half, and higher interest expense and unfavorable tax rate will pressure earnings for the full year. In response to these challenges, the company has taken several cost reduction actions and initiated targeted price increases, and we anticipate further actions if commodity pressures do not abate. As we move through the year, we anticipate sequential, quarter-over-quarter improvements in our gross profit percentages as a result of our actions. Our strategic transformation into a consumer-focused, less complex, and more agile business will position us to unlock the true value of Vista Outdoor and its market-leading brands."
• Additionally co announced its strategic business transformation plan, designed to allow the company to focus resources on pursuing growth in its core product categories. 
  • The plan is a result of a comprehensive strategic review, which began in November 2017.
  • The company plans to explore strategic options for assets that fall outside of these product categories, including its remaining Sports Protection brands (e.g. Bell, Giro, and Blackburn), Jimmy Styks paddle boards, and Savage and Stevens firearms. Vista Outdoor expects that the execution of this process will significantly reduce the company's leverage, improve financial flexibility and the efficiency of its capital structure, and provide additional resources to reinvest in core product categories, both organically and through acquisition

Vista Outdoor (VSTO) reported earnings on Thur 8 Feb 2018 (b/o)

• Feb. 6 (Tue): #15; vol. 1.0M

** charts after earnings **

 

 

Vista Outdoor beats by $0.06, beats on revs; reaffirms FY18 EPS guidance, revs guidance

• Reports Q3 (Dec) earnings of $0.13 per share, excluding non-recurring items, $0.06 better thanthe Capital IQ Consensus of $0.07; revenues fell 11.1% year/year to $581 mln vs the $566.98 mln Capital IQ Consensus.
• Co reaffirms guidance for FY18, sees EPS of $0.50-0.60, excluding non-recurring items, vs. $0.57 Capital IQ Consensus Estimate; sees FY18 revs of $2.24-$2.26 bln vs. $2.25 bln Capital IQ Consensus Estimate.
  •  Free cash flow of $175 million to $185 million (prior: $155 million to $175 million). 
• "The company delivered solid third quarter results in a continuously challenging marketplace," said Vista Outdoor Chief Executive Officer Chris Metz. "We generated strong free cash flow, which enabled us to repay $108 million of debt. As I've said before, we must make significant changes, act decisively, and move quickly. During the quarter, we made great progress on key initiatives that will reposition the business. We also launched innovative new products across the portfolio that are resonating with our customers and end users. In line with our focus to improve profitability, we have begun to implement organizational changes, including streamlining corporate-level functions and improving business operations to maximize efficiency, drive brand-level decision making and improve accountability. We have also received strong interest on the sale of our eyewear business and are currently fielding inquiries."