Sidoti Increases Earnings Estimates for Johnson Outdoors

Key Points

• Sidoti raised its Q2 2027 EPS estimate for Johnson Outdoors to $1.10 from $1.06 and forecast FY2028 EPS of $2.45.
• Johnson Outdoors reported quarterly EPS of $1.42, beating estimates by $0.74, while revenue of $189.73 million also exceeded expectations.
• Despite the earnings beat, analyst sentiment remains cautious: the stock carries a “Reduce” consensus rating, with one Hold and one Sell rating.

Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) - Equities researchers at Sidoti upped their Q2 2027 earnings per share (EPS) estimates for Johnson Outdoors in a research note issued to investors on Monday, August 10th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings of $1.10 per share for the quarter, up from their previous forecast of $1.06. The consensus estimate for Johnson Outdoors' current full-year earnings is $0.75 per share. Sidoti also issued estimates for Johnson Outdoors' Q1 2028 earnings at ($0.02) EPS, Q2 2028 earnings at $1.37 EPS, Q3 2028 earnings at $1.30 EPS and FY2028 earnings at $2.45 EPS.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.74. Johnson Outdoors had a positive return on equity of 4.29% and a negative net margin of 1.21%.The firm had revenue of $189.73 million during the quarter, compared to the consensus estimate of $186.19 million.

Several other equities analysts have also recently issued reports on JOUT. Wall Street Zen cut Johnson Outdoors from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Weiss Ratings reissued a "sell (d-)" rating on shares of Johnson Outdoors in a report on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Johnson Outdoors currently has an average rating of "Reduce".

Johnson Outdoors Price Performance

Shares of JOUT opened at $47.79 on Tuesday. The firm has a market capitalization of $500.84 million, a PE ratio of -56.22, a price-to-earnings-growth ratio of 4.59 and a beta of 0.81. The company's fifty day moving average price is $45.96 and its 200-day moving average price is $46.97. Johnson Outdoors has a 1-year low of $35.65 and a 1-year high of $53.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its stake in Johnson Outdoors by 57.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company's stock worth $43,000 after acquiring an additional 373 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Johnson Outdoors by 260.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company's stock worth $48,000 after purchasing an additional 811 shares in the last quarter. Highlander Partners L.P. purchased a new position in Johnson Outdoors in the fourth quarter valued at $50,000. Kemnay Advisory Services Inc. acquired a new stake in Johnson Outdoors in the fourth quarter valued at $50,000. Finally, Raymond James Financial Inc. purchased a new stake in Johnson Outdoors during the 2nd quarter worth about $52,000. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 16th. Johnson Outdoors's payout ratio is -155.29%.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source