Johnson Outdoors (NASDAQ:JOUT) Releases Earnings Results, Beats Estimates By $0.51 EPS

Key Points

• Johnson Outdoors reported quarterly earnings of $0.75 per share, exceeding estimates by $0.51, with revenue reaching $180.66 million compared to expectations of $172.98 million.
• The company's stock rose 8.1% following the earnings announcement, and currently has a market cap of $370.85 million.
• Johnson Outdoors also announced a quarterly dividend of $0.33 per share, resulting in an annualized dividend yield of 3.7%.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.24 by $0.51, Zacks reports. Johnson Outdoors had a negative return on equity of 8.81% and a negative net margin of 7.02%. The company had revenue of $180.66 million during the quarter, compared to analyst estimates of $172.98 million.

Johnson Outdoors Price Performance

Shares of JOUT traded down $1.47 during trading hours on Tuesday, hitting $37.59. The stock had a trading volume of 16,797 shares, compared to its average volume of 52,794. The stock has a fifty day moving average price of $30.71 and a 200 day moving average price of $27.97. Johnson Outdoors has a 12 month low of $21.33 and a 12 month high of $39.27. The firm has a market capitalization of $388.46 million, a PE ratio of -9.71 and a beta of 0.81.

Johnson Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.32 annualized dividend and a dividend yield of 3.5%. Johnson Outdoors's payout ratio is presently -34.11%.

Institutional Trading of Johnson Outdoors

Several hedge funds have recently bought and sold shares of JOUT. Acadian Asset Management LLC lifted its position in shares of Johnson Outdoors by 17.3% in the first quarter. Acadian Asset Management LLC now owns 15,106 shares of the company's stock worth $374,000 after buying an additional 2,230 shares in the last quarter. Empowered Funds LLC raised its position in Johnson Outdoors by 7.6% during the first quarter. Empowered Funds LLC now owns 20,782 shares of the company's stock valued at $516,000 after purchasing an additional 1,468 shares during the period. Finally, AQR Capital Management LLC raised its position in Johnson Outdoors by 127.5% during the first quarter. AQR Capital Management LLC now owns 33,515 shares of the company's stock valued at $833,000 after purchasing an additional 18,782 shares during the period. 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.