Johnson Outdoors Inc. Forecasted to Post FY2024 Earnings of $1.13 Per Share (NASDAQ:JOUT)

Johnson Outdoors Inc. (NASDAQ:JOUT) – Sidoti Csr reduced their FY2024 earnings per share (EPS) estimates for Johnson Outdoors in a note issued to investors on Monday, May 6th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $1.13 per share for the year, down from their prior forecast of $1.72. The consensus estimate for Johnson Outdoors’ current full-year earnings is $1.72 per share. Sidoti Csr also issued estimates for Johnson Outdoors’ Q4 2024 earnings at ($0.03) EPS, Q2 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $2.84 EPS.

Johnson Outdoors Stock Up 0.2 %

NASDAQ JOUT opened at $38.01 on Thursday. Johnson Outdoors has a 52 week low of $37.21 and a 52 week high of $63.53. The firm has a 50 day moving average of $43.15 and a two-hundred day moving average of $46.95. The stock has a market capitalization of $390.89 million, a PE ratio of 80.87, a price-to-earnings-growth ratio of 1.57 and a beta of 0.75.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 11th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.47%. The ex-dividend date was Wednesday, April 10th. Johnson Outdoors’s dividend payout ratio (DPR) is presently 280.85%.

Institutional Trading of Johnson Outdoors

A number of institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC lifted its stake in Johnson Outdoors by 17.3% during the first quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock worth $7,517,000 after purchasing an additional 23,987 shares during the last quarter. Isthmus Partners LLC lifted its position in shares of Johnson Outdoors by 83.5% during the 1st quarter. Isthmus Partners LLC now owns 50,173 shares of the company’s stock worth $2,313,000 after buying an additional 22,833 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Johnson Outdoors by 8.2% in the 1st quarter. Empowered Funds LLC now owns 16,213 shares of the company’s stock valued at $748,000 after buying an additional 1,225 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Johnson Outdoors by 47.9% during the 1st quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company’s stock worth $146,000 after acquiring an additional 1,029 shares in the last quarter. Finally, Prosperity Consulting Group LLC purchased a new stake in Johnson Outdoors in the first quarter valued at $306,000. 64.05% of the stock is owned by hedge funds and other institutional investors.

About Johnson Outdoors

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.