Sidoti Reduces Earnings Estimates for Johnson Outdoors

Key Points

• Sidoti lowered its FY2026 earnings estimate for Johnson Outdoors to $1.30 per share from $1.45, below the current consensus estimate of $1.45. The firm also projects losses of $0.74 per share in Q4 2026 and $0.63 in Q1 2027.
• Johnson Outdoors received a rating upgrade from Weiss Ratings, moving from “sell” to “hold,” while the overall analyst consensus remains Hold.
• The company recently exceeded quarterly expectations, reporting $1.42 in earnings per share versus the $0.68 consensus and revenue of $189.73 million, though it posted a negative net margin of 1.21%.

Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) - Stock analysts at Sidoti dropped their FY2026 earnings estimates for shares of Johnson Outdoors in a note issued to investors on Monday, September 21st. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings of $1.30 per share for the year, down from their prior forecast of $1.45. The consensus estimate for Johnson Outdoors' current full-year earnings is $1.45 per share. Sidoti also issued estimates for Johnson Outdoors' Q4 2026 earnings at ($0.74) EPS and Q1 2027 earnings at ($0.63) EPS.

Separately, Weiss Ratings raised Johnson Outdoors from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Johnson Outdoors Stock Up 2.4%

JOUT stock opened at $44.95 on Wednesday. The business's 50-day simple moving average is $46.33 and its 200 day simple moving average is $46.46. The company has a market cap of $471.08 million, a PE ratio of -52.88, a price-to-earnings-growth ratio of 2.16 and a beta of 0.81. Johnson Outdoors has a twelve month low of $35.65 and a twelve month high of $53.54.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $189.73 million for the quarter, compared to the consensus estimate of $186.19 million.

Hedge Funds Weigh In On Johnson Outdoors

Hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP boosted its position in shares of Johnson Outdoors by 130.2% during the 2nd quarter. Engineers Gate Manager LP now owns 16,141 shares of the company's stock worth $743,000 after acquiring an additional 9,130 shares in the last quarter. Round Rock Advisors LLC increased its stake in shares of Johnson Outdoors by 78.9% in the second quarter. Round Rock Advisors LLC now owns 21,438 shares of the company's stock valued at $987,000 after buying an additional 9,453 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Johnson Outdoors in the second quarter valued at about $358,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Johnson Outdoors in the 2nd quarter worth approximately $1,077,000. Finally, Marquette Asset Management LLC acquired a new stake in Johnson Outdoors during the 2nd quarter worth about $412,000. 64.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Outdoors

In other news, Director Edward Stevens sold 6,250 shares of the firm's stock in a transaction that occurred 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 sale, the director directly owned 10,640 shares of the company's stock, valued at $509,230.40. This trade represents a 37.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 28.21% of the company's stock.

About Johnson Outdoors

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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