Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) - Equities research analysts at Sidoti Csr lowered their Q2 2024 earnings per share estimates for Johnson Outdoors in a research note issued to investors on Monday, April 29th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings of $0.50 per share for the quarter, down from their previous estimate of $0.98. The consensus estimate for Johnson Outdoors' current full-year earnings is $2.67 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 Price Performance
JOUT stock traded up $0.70 during trading on Thursday, reaching $42.61. The company had a trading volume of 41,516 shares, compared to its average volume of 44,280. Johnson Outdoors has a 52 week low of $40.24 and a 52 week high of $64.71. The business has a 50 day moving average of $43.88 and a 200 day moving average of $47.43. The company has a market cap of $438.03 million, a P/E ratio of 24.92, a PEG ratio of 1.10 and a beta of 0.75.
Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.23. Johnson Outdoors had a net margin of 2.82% and a return on equity of 3.47%. The business had revenue of $138.64 million for the quarter, compared to the consensus estimate of $140.44 million. During the same period in the previous year, the firm earned $0.57 EPS.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Johnson Outdoors by 47.9% in the first quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company's stock worth $146,000 after purchasing an additional 1,029 shares in the last quarter. Prosperity Consulting Group LLC purchased a new stake in shares of Johnson Outdoors in the 1st quarter worth about $306,000. North Star Investment Management Corp. increased its stake in shares of Johnson Outdoors by 2.6% in the 1st quarter. North Star Investment Management Corp. now owns 78,300 shares of the company's stock worth $3,610,000 after acquiring an additional 2,000 shares in the last quarter. Olstein Capital Management L.P. lifted its position in Johnson Outdoors by 15.9% during the 1st quarter. Olstein Capital Management L.P. now owns 51,000 shares of the company's stock valued at $2,352,000 after acquiring an additional 7,000 shares during the period. Finally, Denali Advisors LLC boosted its stake in Johnson Outdoors by 6.7% during the first quarter. Denali Advisors LLC now owns 30,300 shares of the company's stock worth $1,397,000 after acquiring an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company's stock.
Johnson Outdoors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Wednesday, April 10th. Johnson Outdoors's dividend payout ratio is currently 77.19%.
Johnson Outdoors Company Profile
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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.
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