Q2 2024 EPS Estimates for Johnson Outdoors Inc. Cut by Sidoti Csr (NASDAQ:JOUT)

Johnson Outdoors Inc. (NASDAQ:JOUT) – Research analysts at Sidoti Csr cut their Q2 2024 earnings per share (EPS) estimates for Johnson Outdoors in a report released on Monday, April 29th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.50 per share for the quarter, down from their prior estimate of $0.98. The consensus estimate for Johnson Outdoors’ current full-year earnings is $1.72 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 (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.23. The business had revenue of $138.64 million during the quarter, compared to the consensus estimate of $140.44 million. Johnson Outdoors had a return on equity of 3.47% and a net margin of 2.82%. During the same quarter in the previous year, the company posted $0.57 EPS.

Johnson Outdoors Trading Down 11.2 %

NASDAQ:JOUT opened at $37.83 on Thursday. The company has a market capitalization of $388.89 million, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.74 and a beta of 0.75. The firm has a 50-day moving average price of $43.75 and a two-hundred day moving average price of $47.33. Johnson Outdoors has a twelve month low of $37.75 and a twelve month high of $64.71.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC increased its position in Johnson Outdoors by 1.4% during the third quarter. Gabelli Funds LLC now owns 14,700 shares of the company’s stock worth $804,000 after buying an additional 200 shares in the last quarter. Swiss National Bank lifted its position in shares of Johnson Outdoors by 2.4% in the third quarter. Swiss National Bank now owns 12,900 shares of the company’s stock valued at $706,000 after acquiring an additional 300 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Johnson Outdoors by 0.8% during the third quarter. Victory Capital Management Inc. now owns 54,899 shares of the company’s stock valued at $3,002,000 after acquiring an additional 410 shares during the last quarter. Diversified Investment Strategies LLC increased its position in Johnson Outdoors by 2.5% during the 3rd quarter. Diversified Investment Strategies LLC now owns 19,140 shares of the company’s stock worth $1,047,000 after purchasing an additional 475 shares in the last quarter. Finally, Legacy Financial Group LLC acquired a new position in Johnson Outdoors in the 3rd quarter valued at about $28,000. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.49%. Johnson Outdoors’s dividend payout ratio (DPR) is 77.19%.

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.