Sidoti Decreases Earnings Estimates for Johnson Outdoors

Key Points

• Sidoti lowered Johnson Outdoors’ FY2027 EPS estimate to $1.41 from $1.58, below the current consensus forecast of $1.45.
• Despite the reduced outlook, Johnson Outdoors recently reported quarterly EPS of $1.42, beating expectations of $0.68, while revenue of $189.73 million also exceeded estimates.
• The stock carries a consensus “Hold” rating; shares opened at $43.88 and remain below their 12-month high of $53.54.

Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) - Research analysts at Sidoti lowered their FY2027 EPS estimates for shares of Johnson Outdoors in a report released on Monday, September 21st. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings per share of $1.41 for the year, down from their prior forecast of $1.58. The consensus estimate for Johnson Outdoors' current full-year earnings is $1.45 per share.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.74. Johnson Outdoors had a negative net margin of 1.21% and a positive return on equity of 4.26%. The company had revenue of $189.73 million for the quarter, compared to the consensus estimate of $186.19 million.

Separately, Weiss Ratings upgraded shares of Johnson Outdoors from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Johnson Outdoors presently has a consensus rating of "Hold".

Johnson Outdoors Price Performance

JOUT opened at $43.88 on Tuesday. Johnson Outdoors has a 12 month low of $35.65 and a 12 month high of $53.54. The stock has a market capitalization of $459.86 million, a P/E ratio of -51.62, a P/E/G ratio of 2.19 and a beta of 0.81. The business has a 50 day simple moving average of $46.33 and a 200-day simple moving average of $46.48.

Insiders Place Their Bets

In other news, Director Edward Stevens sold 6,250 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $47.86, for a total value of $299,125.00. Following the completion of the transaction, the director directly owned 10,640 shares of the company's stock, valued at $509,230.40. The trade was a 37.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 28.21% of the company's stock.

Institutional Trading of Johnson Outdoors

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Johnson Outdoors by 260.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company's stock valued at $48,000 after purchasing an additional 811 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Johnson Outdoors by 72.1% during the second quarter. Versant Capital Management Inc now owns 1,365 shares of the company's stock worth $63,000 after buying an additional 572 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Johnson Outdoors in the second quarter valued at approximately $358,000. Bank of America Corp DE raised its position in shares of Johnson Outdoors by 51.1% in the first quarter. Bank of America Corp DE now owns 8,018 shares of the company's stock valued at $373,000 after buying an additional 2,712 shares during the last quarter. Finally, Marquette Asset Management LLC purchased a new position in shares of Johnson Outdoors during the second quarter valued at approximately $412,000. Institutional investors and hedge funds own 64.05% of the company's stock.

Johnson Outdoors Company Profile

Johnson Outdoors Inc is an outdoor recreation company that designs, manufactures and markets equipment for fishing, watercraft, diving, camping and other outdoor activities. Its products are sold through retailers, dealers and distributors in the United States and international markets.

The company's fishing portfolio includes Minn Kota electric trolling motors, Humminbird marine electronics and Cannon downriggers. Its watercraft brands include Old Town kayaks and canoes, Ocean Kayak products and Carlisle paddles, while its camping business includes Eureka! tents and outdoor equipment and Jetboil cooking systems.

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