Johnson Outdoors Inc. (NASDAQ:JOUT) to Post Q2 2024 Earnings of $0.50 Per Share, Sidoti Csr Forecasts

Johnson Outdoors Inc. (NASDAQ:JOUT) – Analysts at Sidoti Csr cut their Q2 2024 earnings estimates for shares of Johnson Outdoors in a research report issued on Monday, April 29th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.50 for the quarter, down from their prior estimate of $0.98. The consensus estimate for Johnson Outdoors’ current full-year earnings is $2.67 per share. Sidoti Csr also issued estimates for Johnson Outdoors’ Q3 2024 earnings at $0.70 EPS, FY2024 earnings at $1.72 EPS, Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $1.37 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $3.50 EPS.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.23. Johnson Outdoors had a net margin of 2.82% and a return on equity of 3.47%. The firm had revenue of $138.64 million during the quarter, compared to the consensus estimate of $140.44 million. During the same quarter in the prior year, the firm earned $0.57 EPS.

Johnson Outdoors Price Performance

NASDAQ JOUT opened at $41.91 on Thursday. The stock’s 50 day simple moving average is $43.91 and its 200-day simple moving average is $47.47. The company has a market cap of $430.83 million, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.75. Johnson Outdoors has a 1-year low of $40.24 and a 1-year high of $64.71.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, April 10th. This represents a $1.32 annualized dividend and a yield of 3.15%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 77.19%.

Institutional Trading of Johnson Outdoors

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in shares of Johnson Outdoors by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 140,856 shares of the company’s stock worth $7,525,000 after purchasing an additional 7,486 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Johnson Outdoors by 19.2% during the fourth quarter. Russell Investments Group Ltd. now owns 115,725 shares of the company’s stock worth $6,182,000 after buying an additional 18,607 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Johnson Outdoors by 39.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 110,400 shares of the company’s stock valued at $6,038,000 after buying an additional 31,172 shares in the last quarter. Skylands Capital LLC increased its stake in shares of Johnson Outdoors by 38.9% in the 4th quarter. Skylands Capital LLC now owns 95,400 shares of the company’s stock worth $5,096,000 after acquiring an additional 26,742 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Johnson Outdoors by 5.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 82,052 shares of the company’s stock worth $3,783,000 after acquiring an additional 3,906 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.