FY2024 EPS Estimates for Johnson Outdoors Cut by Sidoti Csr

Johnson Outdoors Inc. (NASDAQ:JOUT) – Equities researchers at Sidoti Csr cut their FY2024 earnings estimates for Johnson Outdoors in a report released on Wednesday, October 30th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn ($0.23) per share for the year, down from their previous forecast of $0.07. The consensus estimate for Johnson Outdoors’ current full-year earnings is ($0.23) per share. Sidoti Csr also issued estimates for Johnson Outdoors’ Q4 2024 earnings at ($0.98) EPS and Q1 2025 earnings at ($0.15) EPS.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Monday, August 5th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). Johnson Outdoors had a negative net margin of 1.42% and a negative return on equity of 1.65%. The company had revenue of $172.47 million for the quarter, compared to analysts’ expectations of $176.14 million. During the same quarter in the prior year, the company earned $1.44 earnings per share.

Separately, StockNews.com raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

Johnson Outdoors Stock Performance

NASDAQ:JOUT opened at $32.08 on Friday. Johnson Outdoors has a fifty-two week low of $31.60 and a fifty-two week high of $55.30. The firm has a market cap of $330.42 million, a PE ratio of -39.60, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71. The business has a 50 day moving average price of $35.08 and a 200-day moving average price of $36.41.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.32 dividend on an annualized basis and a yield of 4.11%. Johnson Outdoors’s dividend payout ratio is presently -162.96%.

Institutional Investors Weigh In On Johnson Outdoors

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Johnson Outdoors by 13.9% during the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock valued at $15,959,000 after acquiring an additional 42,314 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Johnson Outdoors by 39.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock worth $11,449,000 after purchasing an additional 70,300 shares during the period. Deprince Race & Zollo Inc. boosted its stake in shares of Johnson Outdoors by 35.8% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company’s stock valued at $7,829,000 after purchasing an additional 59,016 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Johnson Outdoors by 17.3% during the first quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock valued at $7,517,000 after buying an additional 23,987 shares during the period. Finally, Skylands Capital LLC raised its stake in Johnson Outdoors by 43.7% in the second quarter. Skylands Capital LLC now owns 161,900 shares of the company’s stock worth $5,663,000 after buying an additional 49,200 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

About Johnson Outdoors

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.